- It is the largest allocation made by IMF considering the history of the organisation.
- The allocation is made to help the countries to tackle pandemic COVID-19 and boost global liquidity.
- The allocation will come into effect from 23rd Aug 2021.
- The SDR will be credited to IMF member countries in proportion to their existing quotas in the Fund.
- Static Part:
- HQ of IMF: Washington, D.C. U.S
- MD and Chairman of IMF: Kristalina Georgieva
- Chief Economist of IMF: Gita Gopinath.
Question:
Q.1 The IMF has approved the allocation of ___ in Special Drawing Rights (SDR), being the largest allocation made by IMF considering the history of the organisation?
a. $750 billion
b. $550 billion
c. $450 billion
d. $650 billion
a. $750 billion
b. $550 billion
c. $450 billion
d. $650 billion