• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Editor's pick

A Shot in the Arm – How Special Drawing Rights can help struggling countries

4 years ago
in Editor's pick, highlights, Home, home-news, latest News
1 min read
0 0
0
28
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The largest allocation of Special Drawing Rights, or SDRs, in history—about $650 billion—came into effect earlier this week.

The allocation is a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented crisis.

The SDR allocation will provide additional liquidity to the global economic system—supplementing countries’ foreign exchange reserves and reducing their reliance on more expensive domestic or external debt. 

Countries can use the space provided by the SDR allocation to support their economies and step up their fight against the crisis.

SDRs are being distributed to countries in proportion to their quota shares in the IMF.

This means about $275 billion is going to emerging and developing countries, of which low-income countries will receive about $21 billion—equivalent to as much as 6 percent of GDP in some cases.

Read Also: Meet Africa’s newest friend, Turkey…what does it have to offer?

RelatedPosts

Gold Industry Sees Price Rising to Near $5,000/Oz Over 12 Months

Ghana Retains 6th Spot Among Africa’s Top Investment Destinations — RMB Report

Over 40% of Nigeria’s Informal Businesses Make Less Than $12 Daily

Read more about the historic allocation and how many of the IMF’s poorest member countries can benefit.

Source: IMF
Via: norvanreports
Tags: emerging and developing countriesexpensive domestic or external debt.liquiditySpecial Drawing Rights
No Result
View All Result

Highlights

MTN Ghana’s Service Revenue Hits GHS 17.3bn, Driven by Data and Mobile Money Expansion

Ghana Stock Exchange Ends Tuesday Lower on Losses in Financial and Telecom Stocks

Norrie Stuns Alcaraz to End World Number One’s Winning Streak at Paris Masters

Ghana, Nigeria, South Africa Qualify for TotalEnergies CAF Women’s Africa Cup of Nations 2026

PSG Posts Record Turnover of €837 Million After Champions League Triumph

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

Trending

Business

Gold Industry Sees Price Rising to Near $5,000/Oz Over 12 Months

October 29, 2025

Gold Industry Sees Price Rising to Near $5,000/Oz Over 12 Months The price of gold is expected...

Ghana Retains 6th Spot Among Africa’s Top Investment Destinations — RMB Report

October 29, 2025

Over 40% of Nigeria’s Informal Businesses Make Less Than $12 Daily

October 29, 2025

MTN Ghana’s Service Revenue Hits GHS 17.3bn, Driven by Data and Mobile Money Expansion

October 29, 2025

Ghana Stock Exchange Ends Tuesday Lower on Losses in Financial and Telecom Stocks

October 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.