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buy apple account:IMF officially approves increased lending capacity


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,The International Monetary Fund’s board of governors has given the nod to increase the institution’s lending capacity by US$650 billion. – EPA pic, August 3, 2021.

THE board of governors of the International Monetary Fund yesterday green-lit increasing the institution’s lending capacity by US$650 billion (RM2.8 trillion), the last step in approving an initiative to boost aid to the most vulnerable countries.

“This is a historic decision – the largest SDR (Special Drawing Rights) allocation in the history of the IMF and a shot in the arm for the global economy at a time of unprecedented crisis,” IMF head Kristalina Georgieva said in a statement.