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*The event will be conducted in English and will be simultaneously translated into French
Masood Ahmed, President, Center for Global Development (CGD)
Patrick Guillaumont, President, Fondation pour les Etudes et Recherches sur le Développement International (FERDI)
Rigobert Andely, Minister of Finance, Budget and Public Portfolio, The Republic of Congo
Bruno Cabrillac, Deputy Director General of Statistics, Studies and International Relations at Banque de France and Senior Fellow at FERDI
Hassatou Diop N’Sele, Treasurer, African Development Bank Group
Mark Plant, Co-Director of Development Finance, and Senior Policy Fellow, Center for Global Development
Uma Ramakrishnan, Deputy Director, Strategy, Policy, and Review Department, International Monetary Fund
ABOUT THE EVENT
At the Paris Summit on Financing African Economies held last May, the IMF announced the availability of US$33 billion in new SDRs for African countries (out of an overall issuance of US$650 billion in new SDRs for all its members). While this amount will help these countries overcome the consequences of a worsening health and economic crisis on the continent, it is not enough. Many have called on rich countries to consider reallocating part of their new SDRs to the poorest and most vulnerable countries. At the Summit, the Head of States also committed to increase considerably the amount of SDR allocation finally reaching African countries.
Co-hosted by the Center for Global Development and the Foundation for Studies and Research on International Development, this panel discussion will focus on financing African economies through the issuance and allocation of IMF’s SDRs (Special Drawing Rights) and examine opportunities and challenges ahead for an effective reallocation of SDRs to help vulnerable countries. The event will feature subject expert economists and policymakers with experience on IMF financing tools and SDRs.
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