International

G7 welcomes $650b IMF SDR plan to help Covid recovery: Draft

Reuters
(Carbis Bay, England)
British prime minister Boris Johnson, US president Joe Biden, France's president Emmanuel Macron, Canadian prime minister Justin Trudeau, Australia's prime minister Scott Morrison, German chancellor Angela Merkel, South Africa's president Cyril Ramaphosa and South Korea's president Moon Jae-in attend a working session during G7 summit in Carbis Bay, Cornwall, Britain, 12 June 2021.
Reuters

Group of Seven leaders welcomed a plan for a new $650 billion allocation of the International Monetary Fund's warchest to help countries cope with the Covid-19 crisis, urging an implementation by the end of August.

An almost final version of the G7 communique seen by Reuters said the countries were considering options for how best to channel the funds.

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