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IMF $650bn SDR allocation comes into effect: What does this mean for Africa?
Earlier this month, the International Monetary Fund approved a general allocation of Special Drawing Rights equivalent to $650 billion. This is the largest allocation of SDRs in history, and it comes into effect today. The move is a significant shot in the arm for the world, in an effort to boost global liquidity, and to combat the Covid-19 pandemic. Joining CNBC Africa to unpack the implications of the allocation is Simon Quijano-Evans, Chief Economist at Gemcorp.
Mon, 23 Aug 2021 15:43:07 GMT
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