Executive Director of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, has hailed as “a much welcome and needed initiative”, the recent call to action by US Treasury Secretary Janet Yellen to the G20 for a new issue of International Monetary Fund (IMF) Special Drawing Rights (SDRs) and the re-allocation of excess SDRs to low-income countries (LICs), such as those in the Caribbean.
