Wednesday, April 08, 2009


"The G20 agreed to allow the IMF to create $250bn of Special Drawing Rights, its own currency, comprising dollars, euros, yen and sterling, boosting the foreign exchange reserves of every country. Most of this will go to the big economies, but poorer countries facing budgetary strains will gain new cash." [link]

From the same article:

"Only about $80bn will be going to all the middle-income and poor countries combined [of the $250bn]"

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