The head of the African Development Bank, Dr. Akinwumi Adesina on Thursday once again underscored the case for multilateral development banks (MDBs)to be allowed to leverage International Monetary Fund Special Drawing Rights. With an increased allocation, MDBs could crowd in much-needed resources for developing nations to fight climate change and fast-track the UN Sustainable Development Goals, he argued. Adesina said: “The MDBs are leveraging machines. They can leverage the SDR’s by three to four times. So that leverage is very important to have.” Read more.
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