French President Emmanuel Macron said on Tuesday a summit on Africa financing in Paris had agreed to work towards convincing rich nations by October to reallocate $100 billion in IMF special drawing rights monetary reserves to African states.
Macron also said governments should look at how IMF gold reserves can be used to overcome some countries' reluctance to reallocate their SDRs to African countries.
France's Macron wants deal on redirecting $100 bln in IMF reserves to Africa by October
Image: REUTERS/Gonzalo Fuentes
French President Emmanuel Macron said on Tuesday a summit on Africa financing in Paris had agreed to work towards convincing rich nations by October to reallocate $100 billion in IMF special drawing rights monetary reserves to African states.
Macron also said governments should look at how IMF gold reserves can be used to overcome some countries' reluctance to reallocate their SDRs to African countries.
Leaders meet in Paris to help finance Africa's post-pandemic recovery
'Play your part,' Ramaphosa pleads with credit ratings agencies at Paris summit
Blade Nzimande says NSFAS budget will exceed R43bn this year
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Related articles
Latest Videos