G7 agrees to boost IMF reserves by $650 billion to fund pandemic relief: Kyodo

by Aurelia Butler 17 March 2021, 10:05 199 Views

The increased reserves will be used to fund a package of relief measures for emerging economies hit by the COVID-19 pandemic, Kyodo said.

Finance leaders of the Group of Seven economies will sign off on the deal at an online meeting to be held on Friday, Kyodo said without citing sources.

Source: Economy - investing.com

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G7 agrees to boost IMF reserves by $650 billion to fund pandemic relief: Kyodo

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