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Africa Faces Fiscal Bind Without More IMF Special Drawing Rights

  • Continent asks IMF to redistribute some SDRs from rich nations
  • Only 19.3 million people vaccinated on the continent
People wait to register for the first injection of the Oxford/AstraZeneca Covid-19 vaccine in Nairobi.

People wait to register for the first injection of the Oxford/AstraZeneca Covid-19 vaccine in Nairobi.

Photographer: Yasuyoshi Chiba/AFP/Getty Images

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The International Monetary Fund’s additional special drawing rights of $33 billion allotted to Africa fall short of what the continent needs to tackle the fallout from the coronavirus pandemic, according to the African Union.