IMF Chief Wants Trust for Middle-Income Nations Set by Year-End

The video discusses the increased reserve requirements due to the COVID crisis, leading to a $650 billion SDR allocation to support countries with limited reserves. It highlights the need to redirect SDRs from countries with strong reserves to those in need, with G7 support for $100 billion in redirection. The video also covers plans to expand SDR beneficiaries to include low and middle-income countries and those vulnerable to climate shocks, aiming to build resilience and sustainability.

In what ways does the proposed funding aim to build resilience against climate shocks?

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What are the expected outcomes of creating a framework for resilience and sustainability?

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