The Working Group is preparing recommendations to improve the sovereign debt resolution architecture and to prevent future crises.
The Working Group drives the Committee’s efforts to educate U.S. policymakers on the importance of the international financial institutions and continued U.S. support.
On March 23, the Managing Director of the International Monetary Fund, Kristalina Georgieva, reported that: “I am very encouraged by initial discussions on a possible SDR allocation of US$650 billion.
On Saturday, 27 March 2021, Klaas Knot joined a panel of the CF40, Euro50 Group and PIIE conference on “The Dollar, the Euro and the Renminbi in the new geopolitical environment”.
A lot of people are worrying that all the money governments and central banks are printing to deal with the Covid-induced recession is bound to lead to runaway inflation in the future.