Follow CAP on Social Media

Listen to the CAP Podcast

China Reaffirms Commitment to Redistribute Its Share of the IMF’s New Special Drawing Rights

China’s top diplomat for sub-Saharan Africa, Wu Peng, tweeted on Tuesday that Beijing remains committed to redistributing its share of the International Monetary Fund’s recent issuance of $650 billion in new so-called “Special Drawing Rights” (effectively the currency of the IMF). 

The SDRs are allocated to each IMF member based on the size of their economy, meaning that the wealthiest twenty countries will receive 80% of the total SDR allocation

This marketing content will be shown in place of your protected content to anyone who is not allowed to read the post…

  • 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.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.