April 15, 2021/IMF This year, sub-Saharan Africa is projected to grow by 3.4 percent, recovering from the 1.9 percent contraction in 2020—the worst on record—that resulted in a large increase in poverty. In many countries, per capita income will not return to pre-crisis levels until 2025. The near-term outlook is […]
World News
iLab Spring Meetings Virtual Workshop: Leveraging Digital Money to Facilitate Remittances
Managing Director’s Opening Remarks April 14, 2021/IMF Thank you for joining us here today for this virtual workshop about how digital money can facilitate remittances. The eminent MIT economist Rudy Dornbusch famously said: “ In economics things take longer to happen than you think they will, and then they happen […]
7 Things You Need to Know About SDR Allocations
April 12, 2021/IMF Let’s start from the beginning – What is an SDR? Is it money? Special Drawing Rights (SDRs) are an asset, though not money in the classic sense because they can’t be used to buy things. The value of an SDR is based on a basket of the […]
