Kwacha in IMF fillip
Published On August 6, 2021 » 969 Views» By Times Reporter » Business, Stories
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Georgieva

By KENNEDY MUPESENI-
STAKEHOLDERS have expressed confidence the approval of US $650 billion in Special Drawing Rights (SDRs) by the International Monetary Fund ((IMF) will redound to a stronger Kwacha and stabilising the economy.
The creation of the reserve assets known SDRs is said to be the first since the $250-billion issued just after the global financial crisis in 2009, with IMF managing director Kristalina Georgieva describing it as “a shot in the arm for the world” that will help boost global economic stability.

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