IMF Seeks G-20 Backing to Boost Reserves to Aid Crisis Fight

(Bloomberg) -- The International Monetary Fund on Thursday asked the leaders of world’s biggest economies for more support to keep the international monetary system from seizing up due to the pandemic.The IMF sought backing to create a sizable quantity of reserve assets called SDRs, or special drawing rights, as it did in the 2009 global financial crisis, Managing Director Kristalina Georgieva said in a statement after a conference call with Group of 20 leaders. The move, which would requi