Press Statement: Coalition of Over 50 Organizations Issues Statement on Historic IMF’s Release of 450 Billion in SDRs

Washington, DC – On Monday the Africa Faith and Justice Network (AFJN), along with a coalition of over 50 organizations, issued the joint statement “Groups Urge US Senate to Authorize Additional Relief to Combat the COVID-19 Crisis” regarding the International Monetary Fund’s (IMF) release of 450 billion in Special Drawing Rights (SDRs). These funds did not require United States Congressional approval and are insufficient to address the needs of the nations suffering under heavy debt burdens exacerbated by the pandemic. The coalition is calling on all members of Congress, particularly the United States Senators to move quickly and pass legislation that would increase the amount of SDRs to 2 trillion dollars.