Plan for US$650bn funding – IMFBy BUUMBA CHIMBULUTHE International Monetary Fund (IMF) has urged countries to start thinking of ways to make best use of the US$650 billion allocation of Special Drawing Rights which will soon be provided to member states.IMF advice on overall policy frameworks can support member states’ efforts to create dynamic business environment and facilitate more private investment in connectivity.This is according to the IMF Managing Director, Kristalina Georgieva, at a “Presidential panel within the Business Forum on the topic: “Three Seas Initiative: А path to smart development and comprehensive economic growth.”“And the decision we will soon take on a new US$650 billion allocation of Special Drawing Rights will provide a contribution to building your reserves – it may be worth thinking of ways to make best use of this added space for the 3SI mission you are set to pursue,” Ms Georgieva said.The IMF in the coming weeks is set to […]
PLAN FOR US$650BN FUNDING – IMF
