G7 allocates $100 billion from the International Monetary Fund to countries affected by the Coronavirus

The White House said the United States and other countries in the Group of Seven are considering reallocating $100 billion from the International Monetary Fund to help countries struggling to deal with the coronavirus crisis.

The US President's office said the United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed SDR allocation to countries most in need. He added that the proposed efforts will further support health needs, including vaccines, and will help promote a more sustainable and inclusive global recovery, in a volume that may reach $100 billion.