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Uzbekistan received $ 746 million from the International Monetary Fund in the form of drawing rights (SDR) as part of the anti-crisis distribution of the fund’s funds, a Podrobno.uz correspondent reports.

On Monday, August 23, a historic SDR allocation of SDR 456 billion to IMF member countries came into effect, the equivalent of $ 650 billion. The Fund’s Board of Governors approved it in early August, writes RBC.

Proposals for additional SDRs of at least $ 500 billion were first made in the spring of 2020, at the peak of the first wave of the COVID-19 pandemic. IMF Managing Director Kristalina Georgieva called the distribution “an inoculation for the world economy during an unprecedented crisis.”

The allocation of funds should help countries recover from the pandemic by increasing the liquidity of international reserves. Developing countries received about $ 275 billion from new reserves, including $ 25 billion allocated to the CIS states and Georgia.