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Japan, UK Keen to Channel IMF Support Through Top African Lender
- Five nations mulling option of channeling SDRs, AfDB head says
- African Development Bank would leverage funds four times
By Eric Martin, September 22, 2022
Original story :https://www.bloomberg.com/news/articles/2022-09-22/japan-uk-keen-to-channel-imf-support-through-top-african-lender
Japan, France and the UK are among five wealthy nations that have shown interest in channeling their rights to International Monetary Fund reserve assets to Africa’s top development lender, which would boost the bank’s ability to support poorer countries.
“We’re getting positive signals about their willingness to consider giving it to us,” African Development Bank President Akinwumi Adesina said in an interview in Bloomberg’s New York office Thursday. “The UK was very clear that they want to do that. Japan has been very supportive in that conversation,” he said, adding that France is leading efforts, while Saudi Arabia and Canada are in talks with the lender.
