Thread by @DevReimagined

📢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

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The @IMFNews issued $650 billion worth of #SDRs in 2021 but 🌍 received 5% while high-income countries received at least 2/3 of the total SDRs.
So what more can be done create an equitable distribution system?

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Countries have acknowledged this inequality.

So, some high-income countries like 🇨🇳 have committed to reallocating their #SDRs to #Africa. But this is just one option, our team gave other reallocation options during yesterday's presentation!

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1️⃣ Reallocation through the @AfDB_Group Instruments such as the Africa Growing Together Fund where the @AfDB_Group would leverage the #SDRs 3-4 times!

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2️⃣ Reallocation through the @IMFNews Instruments such as the Poverty Reduction & Growth Trust - which has been seen as the easier reallocation route.

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3️⃣ Reallocation through the @WorldBank for example through the International Bank for Reconstruction & Development (IBRD) & International Development Association (IDA).
These are prescribed #SDR holders but no channelling has been done so far through the @WorldBank!

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These are a few of the options our team presented.
Want to know all of them and their implications?

Watch the full video below:
➡️bit.ly/3KgcfpI

Remember to leave comments & suggestions!

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