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.
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.
“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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