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Reuters
Reuters
Business
By David Lawder

IMF says not holding active discussions on potential new SDR issue

FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo

A new issue of International Monetary Fund Special Drawing Rights reserves is among options that could be considered to aid countries struggling with spillovers from the Ukraine war but there are no active discussions on the matter, IMF officials said on Tuesday.

"There has been no discussion at the IMF of a further SDR allocation," an IMF spokesperson said in an emailed statement. "Despite recent developments and high global uncertainty, it would be premature to conclude that the long-term global need for reserves has changed significantly."

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