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African debt: Hanan Morsy discusses the proposals made during the African Development Bank's annual meetings

29/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Hanan Morsy, secrétaire exécutive adjointe et économiste en chef de la CEA est revenu sur les propositions formulées au cours des assemblées annuelles de la BAD

, with regard to the issue of reforming the IMF's Special Drawing Rights (SDRs) allocation system.

At the general meetings of the World Bank and the African Development Bank ( Old Style”, "Serif">bad ), the institutions are called to reform the Special Drawing Rights (SDRs) system of the International Monetary Fund (IMF). They were aimed at strengthening the global financial safety net and making more liquidity available to African countries. In a context of crisis that prevents the most fragile economies from accessing financial markets and is increasing debt ratios, the CEA chief economist considers that this entire allocation system needs to be reviewed

.

At the general meetings of the BAD , the ministers pleaded to reorient SDRs to multilateral development banks, such as the African Development Bank

.
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