WASHINGTON, DC – When Ministers meet for the IMF’s Spring Meeting this month they will find an institution with regained self-confidence. The London G20 summit gave a strengthened mandate to the IMF, while tripling its resources. More concessional finance will be available for low-income countries, and international liquidity will be increased by a hand-out of $ 250 billion in special drawing rights (SDRs). This is a boost for the IMF, and it gives hope to emerging and developing countries that have been severely hit by a crisis that originated elsewhere.
WASHINGTON, DC – When Ministers meet for the IMF’s Spring Meeting this month they will find an institution with regained self-confidence. The London G20 summit gave a strengthened mandate to the IMF, while tripling its resources. More concessional finance will be available for low-income countries, and international liquidity will be increased by a hand-out of $ 250 billion in special drawing rights (SDRs). This is a boost for the IMF, and it gives hope to emerging and developing countries that have been severely hit by a crisis that originated elsewhere.