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?

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