G7: At the table is the redistribution of $ 100 billion in IMF funds

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The redistribution of $ 100 billion from the International Monetary Fund to help countries struggling to cope with the COVID-19 crisis is being considered by the United States and its other countries. G7, as announced by the White House.

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The issue will be on the table when the G7 leaders discuss on how to help people get out of the pandemic during a three-day summit in Cornwall in the south-west of England starting today.

“The United States and our G7 partners are actively considering a global effort to increase the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need,” the US president’s office said.

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“With a potential size of up to $ 100 billion, the proposed effort will further support health needs – including vaccinations“And will contribute to a ‘greener’, more robust economic recovery in vulnerable countries and promote a more balanced, sustainable and open global recovery.”

French President Emmanuel Macron yesterday called on the other G7 nations to reach an agreement on the redistribution of $ 100 billion in SDRs to African countries.

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