Pandemic aid to poorest countries critical to U.S. interests: Treasury nominee Adeyemo

The U.S. Conference of Catholic Bishops and an alliance of faith groups urged Biden in a letter on Tuesday to back a US$3 trillion issuance of the IMF’s currency to help poor countries devastated by the coronavirus pandemic.

RIO DE JANEIRO, BRAZIL - Wally Adeyemo, President Joe Biden’s nominee for the No. 2 job at the U.S. Treasury, said it was critical to end the COVID-19 pandemic everywhere around the globe and doing so would require providing resources to some of the poorest countries.

Adeyemo made the comment at his confirmation hearing before the Senate Finance Committee when asked about a possible new allocation of the International Monetary Fund’s own currency, or Special Drawing Rights (SDRs), that would allow Subscribe to our Premium Membership Plan. Already Subscribed?