IMF ‘Helping To Stabilize World Economy’ With SDRs Issuance, ‘But More Will Be Needed’

The announcement last Friday that the International Monetary Fund (IMF) executive board approved an allocation of $650 billion worth of Special Drawing Rights (SDRs) is a “much-needed step in the right direction,” Center for Economic and Policy Research (CEPR) Co-Director Mark Weisbrot said, “but more will be needed, and...