Tag: SDRs
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Did China’s FOCAC Financial Package Go Down? Stay the Same? Or Go Up? It’s Too Early to Tell
The main story from this year's FOCAC, at least according to Bloomberg and the Financial Times, is that "debt traps" and "debt concerns" prompted China to scale back the size of its financial assistance package. The ...
Surprise That China Did Not Commit More of Its IMF Special Drawing Rights Allocation to Africa
Chinese President Xi Jinping's pledge to reallocate $10 billion to African countries of its estimated $40 billion of Special Drawing Rights (SDR) that it received from the International Monetary Fund took some by surprise as being a bit, well, cheap. "What ...
China Reaffirms Commitment to Redistribute Its Share of the IMF’s New Special Drawing Rights
China's top diplomat for sub-Saharan Africa, Wu Peng, tweeted on Tuesday that Beijing remains committed to redistributing its share of the International Monetary Fund's recent issuance of $650 billion in new so-called "Special Drawing Rights" (effectively the currency of ...