Forex | Forex | IMF's SDR allocation on fast track (31/07/2009 14:55:14)

IMF's SDR allocation on fast track

The IMF’s executive board last week approved the USD250bn SDR allocation agreed upon at the April G-20 meeting in London. The board of governors (representing IMF member countries) will vote on the proposal on 7 August and, if approved, the SDR allocation should be available to countries by 28 August. The whole SDR allocation will be made available immediately – i.e. not gradually as was the case in previous SDR allocations. SDRs allocated to members will count towards their reserve assets and


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