Discover and read the best of Twitter Threads about #SDRs

Most recents (2)

1/ 6th #AUEUSummit key delivery will be a €150 bn(?!) investment package = half of the new EU Global Gateway €300 bn package.…

This represents the strategic packaging of EU aid until 2027 = a nice Commission effort
2/ Europe can do a lot to boost investment in Africa, through joint steering and partnerships, as I argued w/ @PamellaEunice @keijzer_niels in @ettg_eu paper…
3/ But most EU countries have failed so far to significantly step up their efforts in a Team Europe approach, a point raised by EU Commissioner @JuttaUrpilainen… @devex @vchadw
Read 11 tweets
A thread on #SDR and #Lebanon. The #IMF is about to create, almost out of thin air, $650 billion worth of reserves (#SDRs) and will distribute them to all countries. #Lebanon’s share will be approximately $900 million. 1/7
The mechanics are complicated. But at its essence, the allocation is costless and, unlike a traditional #IMF program, will come with no strings attached. Before year’s end, #Lebanon will receive the money which will show up as an increase in BDL’s foreign reserves. 2/7
Swapping the SDRs into usable $s is not straightforward. But money is fungible. The reserves’ top-up will give #BDL room to use existing foreign assets while keeping the overall (original) level of reserves unchanged. 3/7
Read 7 tweets

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