Sunak and Yellen discuss possible new allocation of SDRs: UK treasury

March 15, 2021 5:02 PM EDT

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak attends a virtual press conference inside 10 Downing Street in central London, Britain March 3, 2021. Tolga Akmen/Pool via REUTERS/File Photo

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(Reuters) - British finance minister Rishi Sunak and U.S. Treasury Secretary Janet Yellen spoke on the phone on Monday to discuss a possible new allocation of Special Drawing Rights (SDRs), the UK treasury

department said in a statement.

Both agreed that a new SDR allocation could form an important part of a package of support for low-income countries and could be vital for securing a truly global recovery, the statement added.

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Leslie Adler)

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