Uzbekistan may receive more than $750 million from the International Monetary Fund

The International Monetary Fund has approved the allocation of a record $650 billion to restore the global economy during the coronavirus period, the IMF reports.

"The International Monetary Fund will allocate a record $456 billion SDR (the IMF's unit of account, $650 billion) from reserve assets. $275 billion will go to emerging market and developing countries, " the fund said in a press release.

The decision on the allocation of money will come into force on August 23. Uzbekistan may receive $754 million. The IMF expects the global economy to grow by 6% this year and by 4.9% next year.