SDRs should be reallocated to multilateral development banks, AfDB says
African Development Bank says its hybrid capital model will significantly leverage impact of SDRs ‘three to four times’
The African Development Bank (AfDB) has called for the reallocation of special drawing rights (SDRs) in Africa’s favour.
If given the go-ahead, this will mean the AfDB can help accelerate Africa’s development by helping it cope with challenges such as climate, debt, insecurity and the effects of the Ukraine war. ..