Posted inMagazine

Tackling the developing world’s COVID-19 distress

The International Monetary Fund’s recent approval to increase the size of its Special Drawing Rights gives the international lender of last resort additional resources to grapple with equitable relief distribution, the environment and perhaps a new framework for bailing out indebted nations. Given current circumstances, 2021 could be a watershed moment in history for addressing sovereign indebtedness.

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