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Spain redirects $1.9 billion in reserves to the IMF to support developing nations.
Spain is redirecting $1.9 billion in Special Drawing Rights to the International Monetary Fund (IMF) to aid developing countries.
This contribution will support the IMF's Resilience and Sustainability Trust and aligns with efforts by donor countries to assist nations in need.
Spain has pledged to shift up to 50% of its SDRs, totaling over $6.5 billion, demonstrating its commitment to global economic stability.
This move is part of broader international efforts, with the notable absence of the United States from this initiative.
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España redirige 1.9 mil millones de dólares en reservas al FMI para apoyar a las naciones en desarrollo.