Sunak and Yellen discuss possible new allocation of SDRs - UK treasury

FILE PHOTO: Rishi Sunak hosts a press conference in Downing Street

(Reuters) - British finance minister Rishi Sunak and U.S. Treasury Secretary Janet Yellen spoke on the phone on Monday to discuss a possible new allocation of Special Drawing Rights (SDRs), the UK treasury department said in a statement.

Both agreed that a new SDR allocation could form an important part of a package of support for low-income countries and could be vital for securing a truly global recovery, the statement added.

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Leslie Adler)