Oxfam commends progress on SDRs, says next steps by rich countries are crucial
9 July 2021
Responding to IMF Managing Director Kristalina Georgieva’s statement that the IMF Executive Board has approved her proposal for a $650 billion Special Drawing Rights (SDR), Nadia Daar, Head of Oxfam International’s Washington DC Office, said: “We commend this decision by the IMF’s Executive Directors and urge swift approval by the Board of Governors. This debt-free financing is urgently needed by struggling economies still in the eye of the COVID-19 storm, and with a long road ahead.”