- There have been nearly 130,000 coronavirus deaths among African populations during the pandemic, compared with almost 3.4 million worldwide.
- The signatories said they would now push for the rapid general allocation of $650bn worth of special drawing rights (SDRs) by the IMF to all its members, of which approximately $33bn would go to Africa.
- SDRs are a reserve asset used to bolster the financial position of IMF members, based on a basket of currencies, which can be converted for much-needed dollars.
- The United States has been pushing for such an IMF payout to counter the economic impact of COVID-19, including for low-income countries.
Read the original story here.
Sign in or become a tippinsights member to join the conversation.
Just enter your email below to get a log in link.