Soros urges G20 to agree on SDR reallocation

George Soros, one of the world's most renowned hedge-fund managers, has called on G20 leaders to endorse the reallocation of rich country's SDR quotas with the International Monetary Fund (IMF).

Soros told an audience at the London School of Economics on Tuesday that poor countries were not able to provide the same guarantees for their domestic markets as rich economies could, which led to capital flight from the periphery. He also said that central bank should take steps to ensure renewal of