男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Newsmakers

Support grows for IMF help for nations in need

China Daily | Updated: 2021-02-26 10:17
Share
Share - WeChat
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, US, Sept 4, 2018. [Photo/Agencies]

WASHINGTON-More than 200 civil society groups on Wednesday urged Group of 20 finance officials to back an issuance of $3 trillion of the International Monetary Fund's own currency, known as special drawing rights, to help countries weather the COVID-19 pandemic.

In an open letter to the IMF and G20 finance ministers, the groups said a new allocation of Special Drawing Rights, or SDRs, would boost the reserves of all countries and avoid pushing low-and middle-income countries further into debt distress. The groups advocating the action include Jubilee USA Network and Oxfam.

G20 finance ministers and central bankers will discuss a possible SDR issuance-a move akin to a central bank printing money-when they meet by video conference on Friday. Proponents note that such a move will not add costs for the IMF members.

Italy, which leads the G20 this year, is pushing for a smaller $500 billion allocation of SDRs, which can be converted to hard currency by IMF members-a move backed by France, Germany and others. The proposal lacks support from the United States.

The US had opposed such a move under the administration of Donald Trump, but has not yet communicated a firm position on a new SDR allocation under President Joe Biden.

The US Treasury has declined to comment on the issue. IMF Managing Director Kristalina Georgieva on Wednesday called for the G20 to take strong policy action to reverse a "dangerous divergence" that she said threatened to leave most developing economies languishing for years.

Liquidity boost

In a blog ahead of Friday's meeting, Georgieva said a new SDR allocation would substantially boost countries' liquidity without increasing their debt burdens. It would also expand the capacity of donor countries to provide new resources, she said.

Religious groups have also weighed in. On Tuesday, the US Conference of Catholic Bishops and the Jubilee USA Network urged Biden to back the $3 trillion allocation. Antipoverty group ONE on Wednesday sought an allocation of $650 billion.

Agencies via Xinhua

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 侯马市| 龙口市| 呼伦贝尔市| 昭觉县| 伊金霍洛旗| 屯留县| 清流县| 阜康市| 柳河县| 年辖:市辖区| 重庆市| 涟源市| 华阴市| 乐平市| 涟水县| 兴安县| 湖南省| 泰宁县| 体育| 同仁县| 稻城县| 衡阳县| 东平县| 乌拉特前旗| 玛纳斯县| 波密县| 阳东县| 海林市| 大化| 兴义市| 南漳县| 桦甸市| 陈巴尔虎旗| 陵水| 巫山县| 邵武市| 平乡县| 剑河县| 永春县| 乃东县| 九江市|