IMF not doing enough to support Africa
Special drawing rights
At a time when African countries are facing chronic liquidity challenges, new research shows that special drawing rights can play an important role in establishing financial stability and enabling investments for development. Prof Kevin P. Gallagher, director of the Global Development Policy Centre at Boston University in the US, and Abebe Shimeles, an honourary professor at the University of Cape Town in South Africa, elaborate.
At the 2021 UN Climate Summit, Barbados prime minister Mia Mottley called for more and better use of special drawing rights (SDRs), the International Monetary Fund’s reserve ...
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