IMF should issue new reserves to help countries tackle overlapping crises - Groups - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

7 October 2022, 12:55 AM |The IMF in August 2021 created and issued $650 billion in SDR assets to member countries to aid their recovery from the COVID-19 pandemic, but poor countries are clamoring for more funds due to high inflation and a mounting debt crisis.The IMF in August 2021 created and issued $650 billion in SDR assets to member countries to aid their recovery from the COVID-19 pandemic, but poor countries are clamoring for more funds due to high inflation and a mounting debt crisis.

The World Bank warned last month of the growing risk of a global recession as a result of the war, and said on Wednesday nearly 600 million people would still be living in extreme poverty – with income of just $2.15 a day – by 2030. Backers say in practice Russia would be hard pressed to find any country to swap its SDRs into hard currencies.

The letter, signed by Action Corps, Arab Watch Coalition, Center for Economic and Policy Research and other groups from around the world, said over 100 countries had used last year’s SDR allocation in the first year.

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INFOGRAPHIC: Teenage pregnancy in numbers - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Teenage pregnancy rate is high among people who are early into the adolescent stage and teenagers. It has been reported that a lot of young girls between the age of 10-19 became pregnant during the pandemic. Has it ever been low kodwa? It looks like the person in the picture is a man with a fat tummy 🤔
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IMF should issue new reserves to help countries tackle overlapping crises - Groups - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping health, food, energy and inflation crises, 140 civil society groups said in a letter to the IMF's board on Thursday.
Source: SABCNews - 🏆 37. / 51 Read more »