How Africa can seize the moment and start resetting its ties with the IMF

To understand what Africa needs to do, it's helpful to review the history of Special Drawing Rights

The International Monetary Fund (IMF) will inject $650 billion in Special Drawing Rights into the global economy. It will allocate them among its member states, which can then decide for themselves how they want to use their Special Drawing Rights.

This injection, which will take place on 23 August 2021, is more than double the total number of Special Drawing Rights the IMF has ever issued and is equal to about 5% of total global reserves.

The IMF will allocate the Special Drawing Rights among its member states based