IMF warns against rushing into future allocations of SDRs

Officials from the International Monetary Fund (IMF) praised the global lender’s allocation of the Special Drawing Rights (SDRs) while also cautioned against rushing into future allocations considering the current environment of higher interest rates and inflation, per Reuters.

The news cites a blog post from IMF Finance director Bernard Lauwers and strategy chief Ceyla Pazarbasioglu to highlight the fears about not-so-easy lending practices in future.

More to come…