The G20 summit has handed over another 500 billion US dollars worth of extra funds with IMF to help countries struggling due to the current economic turmoil. And most of these funds might go to Europe and Asia.
And the G20 summit has also permitted IMF to sell part of it’s gold reserves, up to a value of six billion dollars, to help the poorest nations in South Africa.
Whether the decision to allow IMF to sell gold means something serious in the offing for the global economy ?. The coming months will only tell that.