LONDON (Reuters) – Debt experts, charity groups and investors welcomed news on Wednesday that the worlds poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution.
A new $650 billion allocation of the IMFs quasi currency known as Special Drawing Rights (SDRs) will provide over $20 billion of funding, while an extended repayment holiday on loans from rich G20 nations will temporarily save another $7 billion.
The $20 billion share of the SDR increase alone is more than all the emergency money the IMF provided in Africa her…
Read the full article at: https://www.reuters.com/article/emerging-markets-sdr/analysis-sdrs-and-debt-holidays-still-just-a-band-aid-for-debt-hobbled-countries-idUSL8N2LZ53N
