Economics
South Africa’s Ramaphosa Calls on G-7 to Donate IMF SDR Rights
- African nations want 25% of SDR allocation, says Ramaphosa
- Poor countries need $450 billion to rebuild, IMF says
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
South African President Cyril Ramaphosa called for Group of Seven nations to donate their allocation of special drawing rights at the International Monetary Fund to poorer countries in order to help them recover from the coronavirus pandemic.