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China’s high diplomat for sub-Saharan Africa, Wu Peng, tweeted on Tuesday that Beijing stays dedicated to redistributing its share of the Worldwide Financial Fund’s latest issuance of $650 billion in new so-called “Particular Drawing Rights” (successfully the forex of the IMF).
The SDRs are allotted to every IMF member primarily based on the scale of their economic system, that means that the wealthiest twenty nations will obtain 80% of the whole SDR allocation.
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