IMF Hopes to Boost Member Countries' Reserves

    The International Monetary Fund's board of governors will decide in August whether to tap some $250 billion in IMF special drawing rights in a bid to shore up the reserves of its member nations amid the economic crisis. The allocation is seen to bolster the liquidity of emerging and developing nations by $100 billion, of which $18 billion is earmarked for low-income nations,

    reported.

    About the author

    • Dsc05567

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.