Options Paper For Channeling China’s SDRs To Africa

Hannah Ryder, Etsehiwot Kebret and Huiyi Chen

No 2304, FDL Policy Notes from CEPREMAP

Abstract: As the international community grapples with the polycrisis witnessed in our world today, the need for greater financing and a reform of the international financial system has never been more dire. SDRs, as a financial instrument, have been a point of much debate and contention over the last few years, mainly due to the need to maintain its reserve asset status and in relation to that, the challenges and limitations of reallocating SDRs outside of the IMF, in particular through Multilateral Development Banks (MDBs). Developed in partnership with the Finance for Development Lab, this Report by Development Reimagined explores five options for China to reallocate its SDRs to the continent.

Keywords: SDRs; Africa; China; International Monetary Fund; African Development Bank; debt; reserve asset; economic growth; World Bank; Liquidity and Sustainability Facility (search for similar items in EconPapers)
Pages: 57 pages
Date: 2023-04
New Economics Papers: this item is included in nep-cna and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:cpm:notfdl:2304

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