Yemen to get $655 mln of IMF reserves in new SDR allocation ...Middle East

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Yemen to get $655 mln of IMF reserves in new SDR allocation
source : Devdiscourse ( Middle East ) () 38
Yemen will receive about $665 million worth of reserves from the International Monetary Fund (IMF) on Monday which will help ease an acute economic and humanitarian crisis in the war-torn country, the fund's regional representative for Yemen said. The distribution is part of a $650 billion IMF allocation of Special Drawing Rights - the fund's unit of exchange backed by dollars, euros, yen, sterling, and yuan - which states receive in proportion with their existing quota shareholding.

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