Discover and read the best of Twitter Threads about #sdrs
Most recents (4)
Folks, the G7 Finance communiqué is out. What does it tell us? Takeaways👇 (1/n) @e3g @KateLLevick @ronan_wifi @aldenmeyer @AlexScottLondon @TPTaskforce
mof.go.jp/policy/interna…
mof.go.jp/policy/interna…
First, let's just restate that this forum matters: we don't have much of an alternative these days to advance climate-safe & inclusive policy, because the G20 is broken for now. I wrote a short calling-card piece on the G7 Finance outcomes we need (2/n).
e3g.org/news/from-wash…
e3g.org/news/from-wash…
Quick overall take is that the communiqué is a let-down. There are a couple of positives on public finance side (#MDBs, supply chain resilience), but very disappointing on private finance. They need to get more cutting-edge on this, stat (2/n).
📢Did you miss this?
No problem, here's a short summary of the excellent presentation by our CEO @hmryder & Dev. Finance Advisor @EtsehiwotKebret on #SDRs in #Africa at @FinDevLab yesterday!
➡️Full video: bit.ly/3KgcfpI
1/
No problem, here's a short summary of the excellent presentation by our CEO @hmryder & Dev. Finance Advisor @EtsehiwotKebret on #SDRs in #Africa at @FinDevLab yesterday!
➡️Full video: bit.ly/3KgcfpI
1/
1/ 6th #AUEUSummit key delivery will be a €150 bn(?!) investment package = half of the new EU Global Gateway €300 bn package. dw.com/en/eu-reveals-…
This represents the strategic packaging of EU aid until 2027 = a nice Commission effort
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
ettg.eu/publications/t…
ettg.eu/publications/t…
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.com/news/urpilaine… @devex @vchadw
devex.com/news/urpilaine… @devex @vchadw
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
