Praise for AfDB in Paris at the Summit for A New Global Financing Pact - International Community Welcomes African Development Bank Initiative On IMF Special Drawing Rights
African Development Bank
for finding a solution that would enable rich countries to reallocate part of their Special Drawing Rights to low-income countries through multilateral development banks. The African Development Bank and the Inter-American Development Bank have been leading calls for the reallocation of the SDRs through multilateral development banks like themselves, to help rebuild livelihoods due to the impact of climate change and other global challenges.
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