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IMF's largest SDR allocation in history takes effect

The International Monetary Fund (IMF) said on Monday that its new allocation of Special Drawing Rights (SDRs) equivalent to $650 billion, the largest in the IMF's history, comes into effect, in an ef

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IMF board backs new SDR allocation to support pandemic recovery

The executive board of the International Monetary Fund (IMF) has approved a proposal for a new general Special Drawing Rights (SDR) allocation of $650 billion, the largest allocation in IMF history,

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European Commission approves Latvia's 1.8b euro recovery plan

The European Commission on Tuesday approved Latvia's 1.8 billion euro plan to recover from the pandemic and transform the economy into a greener and more digitalized one in the coming years.