EDITORIAL: IMF’s plan for special drawing rights is crucial to help poor countries
According to Oxfam, an SDR allocation of $500bn would enable low-income countries access to $19bn collectively
04 March 2021 - 05:10
When President Cyril Ramaphosa unveiled a package to cushion the Covid-19 blow to the economy in 2020, it looked impressive until one looked under the hood.
If it were truly worth R500bn, it would have been equivalent to 10% of GDP, more or less in line with what rich countries in the West have spent to provide relief for their economies and pay workers to stay at home. ..
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