How Washington can easily help millions of people around the world
Summary
The U.S. Treasury Department is urged to support a new large allocation of Special Drawing Rights (SDRs) to help address global hunger and malnutrition. This action would also help create jobs in the United States and other countries.Key Facts
- Special Drawing Rights (SDRs) are international reserve assets created by the International Monetary Fund (IMF).
- Hundreds of millions of people worldwide face hunger and risk of malnutrition.
- A new major SDR allocation would provide countries with extra funds to address economic and social challenges.
- Supporting SDR allocation can help save lives globally.
- The move is expected to also help create jobs in the U.S. and other countries.
- The U.S. Treasury Department’s support is necessary for the SDR allocation to happen.
- This effort is seen as a way to assist both global health and economic recovery.
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