Channel IMF Special Drawing Rights through multilateral development banks, urge African Development Bank Governors

The United Kingdom may channel some of its International Monetary Fund Special Drawing Rights (SDRs) to Africa through the African Development Bank, revealed UK Minister for Africa, Latin America and the Caribbean Vicky Ford yesterday.
 “Let me be very clear, the UK would like to channel some of our SDRs to Africa through the African Development Bank,” Ford said on Wednesday at the African Development Bank Group’s 2022 Annual Meetings in Accra. “We welcome the Bank’s efforts to develop options for these SDRs,  Ford said., FAQS: What are Special Drawing Rights and why do they matter for Africa? 

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