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First U.S. Conservatives Thought IMF SDRs Would Bolster China, Now Some Say It’s The Solution to Countering Beijing

File image of the International Monetary Fund headquarters in Washington, D.C. SAUL LOEB / AFP

U.S. conservatives can’t seem to agree if the issuance of IMF Special Drawing Rights (SDRs) is a “bail-out” for China, or a tool to counter Beijing’s growing influence in the Global South.

Sam Brownback, a veteran Christian conservative politician on the far right, called on the U.S. to demand the IMF issue even more SDRs, so low and middle-income countries can end their dependence on China for development financing. “Congress should vote to authorize U.S. support for an allocation of additional reserve assets to properly ensure African nations can respond to the pandemic without turning to China for additional aid,” he said in a column published on The Hill.

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