Georgieva will present a plan to expand IMF resources by $ 650 billion

"I intend to submit to the Board of Governors by June a formal proposal for a new allocation of $ 650 billion," RIA Novosti quoted her as saying.

She noted that the initial discussion ended with “very encouraging”.

“The new SDR will benefit all of our member countries and support the recovery of the global economy from the COVID-19 crisis,” she said.

Earlier Georgieva said that the IMF supports the plan of US President Joe Biden to stimulate the American economy.