Qatar to allocate portion of SDRs to support IMF

Qatar will allocate a portion of its SDRs commitment to the International Monetary Fund (IMF)

The announcement demonstrates Qatar’s leadership role in supporting least developed countries overcome economic shocks and challenges.

The official announcement between Qatar Ministry of Finance, and the International Monetary Fund (IMF), titled State of Qatar’s SDRs commitment to the IMF, was issued on Thursday at the Qatar Economic Forum.

The global economy faces unique uncertainties, such as high inflation, increasing debt vulnerabilities, rising poverty and inequality, slowing growth and tighter financial conditions.These challenges require additional resources to be addressed, stemming notably from the rising south-to-south economy and the new growth opportunities it presents to the global business community.

Qatar recognises these rising needs and has continued to deliver on its commitment to strengthen multilateral action to address the current challenges with the aim to contribute to the new global growth story.