IMF Managing Director Kristalina Georgieva echoed the growing optimism in some parts of Washington about the possibility of issuing new so-called Special Drawing Rights — effectively a cash injection by the IMF to all of its members which would provide some badly-needed liquidity for the world’s poorest countries.
“I am very encouraged by the growing support for a new Special Drawing Right (SDR) allocation, to boost reserves of all members in a transparent and accountable manner,” she said in a statement published on Friday.
- Get a daily email packed with the latest China-Africa news and analysis.
- Read exclusive insights on the key trends shaping China-Africa relations.
- Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.