The International Monetary Fund (IMF) increased credit to member countries, a key measure of the money it spent, to nearly $151 billion at the end of February, a record level the institution has not spent in nearly eight decades.
The IMF reported the figure as 113 billion units of reserve cash assets, dubbed "special drawing rights," according to Bloomberg calculations based on institutional data.
Reaching this threshold demonstrates the growing role of this institution of one hundred countries, as an essential tool to support countries in facing financial and political risks after the Corona pandemic crisis.
Source (Al-Arab Newspaper of London, Edited)
