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China Backs Reallocation of IMF Funds to African Countries

Chinese Vice Premier Han Zheng speaking via video conference from Beijing to attendees of a Franco-African leaders summit in Paris on Tuesday. Image via Xinhua.

China answered France’s call to support the reallocation of billions of IMF funds that will come from an issuance of $650 billion in new Special Drawing Rights, according to a Foreign Ministry summary of remarks made by Vice Premier Han Zheng at this week’s Franco-African leaders summit in Paris.

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