It is a strong and important signal of constructive multilateral cooperation helping the global recovery. It should be accompanied by efforts to improve transparency and underpin the exchange of SDRs through a broader set of voluntary trading arrangements.
Given the high debt levels worldwide, we are also supportive of the IMF’s comprehensive work agenda on debt issues, which will continue to be a key area of work. The upcoming review of IMF surveillance is well timed to support a resilient global economic system during and after the recovery phase.