ldquo Special Drawing Rights SDR rdquo which is seen in the news recently is associated with which ...........

General Knowledge (judicial) International Institutions

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“Special Drawing Rights (SDR)”, which is seen in the news recently, is associated with which institution?

World Bank

IMF

United Nations

Asian Development Bank

Explanation:

The Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.
Recently, the IMF Managing Director Kristalina Georgieva announced that IMF will distribute a new allocation of Special Drawing Rights (SDR) to member countries by mid-August. IMF members had agreed to support a new SDR allocation of $650 billion, the largest in the history of the IMF.