![(FILES) In this file photo taken on April 15, 2020 a sign is seen outside the headquarters of the International Monetary Fund (IMF) as the IMF and World Bank hold their Spring Meetings virtually due to the outbreak of COVID-19, known as coronavirus, in Washington, DC. Authorities at the IMF approved $407 million in immediate disbursements to Kenya for budget support following a review by the executive board, the agency said June 23, 2021. / AFP / SAUL LOEB](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/7SJDKJ3K4X4BANYRFQCVAZIMZE.jpg?smart=true&auth=4f76fa3c4577438c75d028e1826b1d8686a169f8f6d803ea901209287eca1083&width=400&height=225)
A sign outside the IMF’s office in Washington. The fund expects the global economy to grow by 6 per cent this year. AFP
A sign outside the IMF’s office in Washington. The fund expects the global economy to grow by 6 per cent this year. AFP
IMF set to finalise plans for $650bn increase in reserves by August
The boost in allocation of special drawing rights will be the largest in the fund's history