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Emerging MarketsAfrica

SDRs: better late than never

AdobeStock_IMF_575x375_8April2021

The announcement this week that the IMF is on its way to issuing a further $650bn of special drawing rights, providing central banks with extra foreign currency liquidity, should not be criticised for being too little, too late. It marks a much needed return to multilateralism, something that the developing world will benefit from.

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