IMF not doing enough to support Africa

Special drawing rights
At a time when African countries are facing chronic liquidity challenges, new research shows that special drawing rights can play an important role in ­establishing financial stability and enabling investments for development. Prof Kevin P. Gallagher, director of the Global Development Policy Centre at Boston University in the US, and Abebe Shimeles, an honourary professor at the ­University of Cape Town in South Africa, elaborate.
  • 2 Weke Gelede - 2024-10-30 00:00:00
At the 2021 UN Climate Summit, ­Barbados prime minister Mia Mottley called for more and better use of special drawing rights (SDRs), the International ­Monetary Fund’s reserve
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Premier League: Chelsea 1 vs 1 Arsenal | Tottenham Hotspur 1 vs 2 Ipswich Town | Nottingham Forest 1 vs 3 Newcastle | Manchester United 3 vs 0 Leicester City Katima Mulilo: 20° | 27° Rundu: 20° | 33° Eenhana: 21° | 35° Oshakati: 23° | 35° Ruacana: 23° | 35° Tsumeb: 22° | 32° Otjiwarongo: 19° | 30° Omaruru: 20° | 35° Windhoek: 18° | 33° Gobabis: 20° | 32° Henties Bay: 14° | 22° Wind speed: 19km/h, Wind direction: S, Low tide: 07:06, High tide: 13:31, Low Tide: 19:42, High tide: 02:00 Swakopmund: 14° | 16° Wind speed: 19km/h, Wind direction: SW, Low tide: 07:04, High tide: 13:29, Low Tide: 19:40, High tide: 02:00 Walvis Bay: 14° | 22° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:04, High tide: 13:28, Low Tide: 19:40, High tide: 02:00 Rehoboth: 18° | 33° Mariental: 19° | 35° Keetmanshoop: 20° | 36° Aranos: 19° | 35° Lüderitz: 18° | 36° Ariamsvlei: 18° | 35° Oranjemund: 14° | 31° Luanda: 25° | 26° Gaborone: 20° | 29° Lubumbashi: 18° | 33° Mbabane: 12° | 17° Maseru: 13° | 25° Antananarivo: 17° | 33° Lilongwe: 22° | 30° Maputo: 19° | 26° Windhoek: 18° | 33° Cape Town: 14° | 23° Durban: 17° | 19° Johannesburg: 15° | 25° Dar es Salaam: 26° | 32° Lusaka: 18° | 28° Harare: 16° | 23° Currency: GBP to NAD 22.98 | EUR to NAD 19.17 | CNY to NAD 2.5 | USD to NAD 18.1 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.13 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.12 | USD to AOA 918.14 | USD to BWP 13.56 | USD to EGP 49.15 | USD to KES 129.2 | USD to NGN 1654.88 | USD to ZAR 18.1 | USD to ZMW 27.2 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1851.79 Down -1.41% | Casablanca Stock Exchange (CSE) MASI 14650.02 Down -0.28% | Egyptian Exchange (EGX) 30 Index 31582.39 Down -0.12% | Botswana Stock Exchange (BSE) DCI 9879.51 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 605.42/OZ UP +0.25% | Copper US$ 4.12/lb DOWN -0.002 | Zinc US$ 2 937.50/T DOWN -0.5% | Brent Crude Oil US$ 72.33/BBP UP +0.48% | Platinum US$ 949.00/OZ UP +0.53% Sport results: Premier League: Chelsea 1 vs 1 Arsenal | Tottenham Hotspur 1 vs 2 Ipswich Town | Nottingham Forest 1 vs 3 Newcastle | Manchester United 3 vs 0 Leicester City Weather: Katima Mulilo: 20° | 27° Rundu: 20° | 33° Eenhana: 21° | 35° Oshakati: 23° | 35° Ruacana: 23° | 35° Tsumeb: 22° | 32° Otjiwarongo: 19° | 30° Omaruru: 20° | 35° Windhoek: 18° | 33° Gobabis: 20° | 32° Henties Bay: 14° | 22° Wind speed: 19km/h, Wind direction: S, Low tide: 07:06, High tide: 13:31, Low Tide: 19:42, High tide: 02:00 Swakopmund: 14° | 16° Wind speed: 19km/h, Wind direction: SW, Low tide: 07:04, High tide: 13:29, Low Tide: 19:40, High tide: 02:00 Walvis Bay: 14° | 22° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:04, High tide: 13:28, Low Tide: 19:40, High tide: 02:00 Rehoboth: 18° | 33° Mariental: 19° | 35° Keetmanshoop: 20° | 36° Aranos: 19° | 35° Lüderitz: 18° | 36° Ariamsvlei: 18° | 35° Oranjemund: 14° | 31° Luanda: 25° | 26° Gaborone: 20° | 29° Lubumbashi: 18° | 33° Mbabane: 12° | 17° Maseru: 13° | 25° Antananarivo: 17° | 33° Lilongwe: 22° | 30° Maputo: 19° | 26° Windhoek: 18° | 33° Cape Town: 14° | 23° Durban: 17° | 19° Johannesburg: 15° | 25° Dar es Salaam: 26° | 32° Lusaka: 18° | 28° Harare: 16° | 23° Economic Indicators: Currency: GBP to NAD 22.98 | EUR to NAD 19.17 | CNY to NAD 2.5 | USD to NAD 18.1 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.13 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.12 | USD to AOA 918.14 | USD to BWP 13.56 | USD to EGP 49.15 | USD to KES 129.2 | USD to NGN 1654.88 | USD to ZAR 18.1 | USD to ZMW 27.2 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1851.79 Down -1.41% | Casablanca Stock Exchange (CSE) MASI 14650.02 Down -0.28% | Egyptian Exchange (EGX) 30 Index 31582.39 Down -0.12% | Botswana Stock Exchange (BSE) DCI 9879.51 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 605.42/OZ UP +0.25% | Copper US$ 4.12/lb DOWN -0.002 | Zinc US$ 2 937.50/T DOWN -0.5% | Brent Crude Oil US$ 72.33/BBP UP +0.48% | Platinum US$ 949.00/OZ UP +0.53%


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