IMF Chief Sounds Optimistic About the Prospect of New SDRs But Sidesteps U.S.-China Tensions That Are in the Way

File image of International Monetary Fund Managing Director Kristalina Georgieva. Brendan Smialowski / AFP

IMF Managing Director Kristalina Georgieva echoed the growing optimism in some parts of Washington about the possibility of issuing new so-called Special Drawing Rights — effectively a cash injection by the IMF to all of its members which would provide some badly-needed liquidity for the world’s poorest countries.

“I am very encouraged by the growing support for a new Special Drawing Right (SDR) allocation, to boost reserves of all members in a transparent and accountable manner,” she said in a statement published on Friday.

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by Eric Olander

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