Four groups of influential Democratic lawmakers urged U.S. Treasury Secretary Janet Yellen on Tuesday to back the issuance of $2 trillion in additional emergency reserves by the International Monetary Fund to help poor countries still struggling with the COVID-19 pandemic.
The chairs of the Congressional Progressive, Black, Hispanic, and Asian Pacific American Caucuses told Yellen in a
A congressional aide said "aggressive action" was needed to address the pandemic's global impacts, particularly for low-income countries, and the caucuses want to ensure support from President Joe Biden's administration for additional SDRs, given "the potential to advance racial justice." The amount of SDRs used in the three months since the issuance was 21 times greater than what had been used in the first three months after the last issuance in 2009, they said.
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