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Reimagining African Agency: Utilizing SDRs to achieve African priorities in Post-COVID-19 recovery

In the wake of COVID-19, African countries are set to receive special drawing rights to boost their economies. However, there is a need to increase African agency in development financing – including in the deployment of SDRs to best meet African development agendas such as Agenda 2063. During COVID-19, Development Reimagined estimates that African governments spent a US$130 billion to address COVID-19’s economic and health effects. Given this, this session will reimagine how the continent effectively engages with SDRs to deliver prosperity across the continent with a focus on utilizing China’s bilateral SDR reallocation.