IMF raises precautionary balance target by a quarter
Some executive board members wanted higher raise amid uncertainty over pandemic’s impact
The International Monetary Fund’s executive board has agreed to raise the target level for its precautionary balances by a quarter in the medium term.
The executive board agreed to raise the target level from its current 20 billion in special drawing rights (approximately $28.8 billion) to SDR25 billion. It said board members were “broadly agreed” on this new figure, but added “a few directors would have preferred setting a higher target”.
The IMF’s framework for assessing precautionary
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