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Reuters reports the "G7 seen backing issuance of new IMF SDRs" that "finance ministers are likely to back a new allocation of the International Monetary Fund's own currency, or special drawing rights, at an online meeting on Friday to help low-income countries, sources said. Officials from the United States, the IMF's biggest shareholder, have signalled they are open to a new issuance of $500 billion, sources said - a clear shift in position under the administration of new U.S. President Joe Biden."