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Why IMF Help for Poor Nations Will Benefit Rich Ones

(Bloomberg) – The International Monetary Fund is preparing to give member states the largest injection of resources in its history, $ 650 billion, to increase global liquidity and help low-income developing countries cope with growing debt and Covid-19. The choice of vehicle – reserves known as special drawing rights – has drawn some criticism. US President Joe Biden reversed the position of his predecessor Donald Trump, whose …

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