{"id":200491,"date":"2021-09-02T05:33:15","date_gmt":"2021-09-02T03:33:15","guid":{"rendered":"https:\/\/www.myza.co.za\/pasha-123-conversations-with-the-editor-the-imfs-special-drawing-rights\/"},"modified":"2021-09-02T05:33:15","modified_gmt":"2021-09-02T03:33:15","slug":"pasha-123-conversations-with-the-editor-the-imfs-special-drawing-rights","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/pasha-123-conversations-with-the-editor-the-imfs-special-drawing-rights\/","title":{"rendered":"Pasha 123: Conversations with the Editor: The IMF&#8217;s special drawing rights"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2021\/09\/pasha-123-conversations-with-the-editor-the-imfs-special-drawing-rights.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>The International Monetary Fund (IMF) is to inject $650 billion in Special Drawing Rights into the global economy. Because of the way the quotas for member states work, about 60% of these funds will go to rich countries that do not need them. African countries will receive $33.6 billion. Most of this will go to the five largest economies on the continent \u2013 South Africa, Nigeria, Algeria, Morocco and Egypt.<\/p>\n<p>The IMF and many countries recognise that this way of sharing the funds is not ideal and are looking at a way of reallocating them to poorer countries.<\/p>\n<p>The Special Drawing Rights present an opportunity for the IMF to regain some of its lost influence in global economic governance. It\u2019s also an opportunity for African countries to change their relationship with the IMF.<\/p>\n<p>In today\u2019s episode of Pasha, The Conversation Africa editor Jabulani Sikhakhane sat down with Danny Bradlow, SARCHI Professor of International Development Law and African Economic Relations at the University of Pretoria, to discuss what the Special Drawing Rights are and how they work. They also look into the history of the mechanism and how it can be more responsive to African needs. <\/p>\n<hr>\n<p> <em> <strong> Read more: <a href=\"https:\/\/theconversation.com\/how-africa-can-seize-the-moment-and-start-resetting-its-relationship-with-the-imf-166302\">How Africa can seize the moment and start resetting its relationship with the IMF<\/a> <\/strong> <\/em>\n<\/p>\n<hr>\n<p><strong>Photo:<\/strong><br \/>\u201cIMF International Monetary Fund symbol or sign.\u201d By Maxx-Studiofound on <a href=\"https:\/\/www.shutterstock.com\/image-illustration\/imf-international-monetary-fund-symbol-sign-1517885141\">Shutterstock<\/a><\/p>\n<p><strong>Music:<\/strong><br \/>\n\u201cHappy African Village\u201d by John Bartmann, found on <a href=\"http:\/\/freemusicarchive.org\/music\/John_Bartmann\/Public_Domain_Soundtrack_Music_Album_One\/happy-african-village\">FreeMusicArchive.org<\/a> licensed under <a href=\"https:\/\/creativecommons.org\/publicdomain\/zero\/1.0\/\">CC0 1<\/a>.<\/p>\n<p>\u201cAmbient guitar X1 &#8211; Loop mode\u201d by frankum, found on <a href=\"https:\/\/freesound.org\/people\/frankum\/sounds\/393520\/\">Freesound<\/a> licensed under <a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">Attribution License.<\/a><\/p>\n<p> <a href=\"https:\/\/theconversation.com\/africa\/\">Source: The Conversation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund (IMF) is to inject $650 billion in Special Drawing Rights into the global economy. Because of the way the quotas for member states work, about 60% of these funds will go to rich countries that do not need them. African countries will receive $33.6 billion. Most of this will go to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":200492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[3257],"class_list":{"0":"post-200491","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-mypr","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2021\/09\/pasha-123-conversations-with-the-editor-the-imfs-special-drawing-rights.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/200491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=200491"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/200491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/200492"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=200491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=200491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=200491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}