{"id":473258,"date":"2021-08-06T09:37:15","date_gmt":"2021-08-06T09:37:15","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=473258"},"modified":"2021-08-06T09:37:15","modified_gmt":"2021-08-06T09:37:15","slug":"special-drawing-rights-nigeria-fares-with-3-35-billion","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/08\/06\/special-drawing-rights-nigeria-fares-with-3-35-billion\/","title":{"rendered":"Special drawing rights: Nigeria fares with $ 3.35 billion"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The first economic power on the African continent, Nigeria, we learn, will benefit from an amount of 3.35 billion USD as part of the general allocation of special drawing rights (SDRs) of the International Monetary Fund (IMF).<\/p>\n<p>This amount represents 0.51% of the 650 billion dollars (equivalent to 456 billion SDRs) whose approval by the IMF&#8217;s board of governors was announced on August 2, 2021 by the international institution. The objective of this initiative is to increase liquidity in the world in this context of crisis.<\/p>\n<p>&#8220;This SDR allocation will benefit all member countries, meet the global need for long-term reserves, boost confidence and strengthen the resilience and stability of the global economy. It will particularly help our most vulnerable member countries as they work to overcome the effects of the Covid-19 crisis, &#8220;said Kristalina Georgieva, Managing Director of the IMF.<\/p>\n<p>In total, African countries will have to benefit from a global amount of 33 billion dollars in this framework, apart from the option which is still being studied: &#8220;voluntary&#8221; transfers of SDRs from richer countries to more countries. poor and more vulnerable \u201cto help them recover from the pandemic and achieve resilient and sustainable growth\u201d.<\/p>\n<p>The general SDR allocation will take effect on August 23, 2021, according to the IMF.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The first economic power on the African continent, Nigeria, we learn, will benefit from an amount of 3.35 billion USD as part of the general allocation of special drawing rights (SDRs) of the International Monetary Fund (IMF). This amount represents 0.51% of the 650 billion dollars (equivalent to 456 billion SDRs) whose approval by the<\/p>\n","protected":false},"author":536282,"featured_media":473259,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11996,12040,12046],"tags":[19599,344,16099,38,19598],"class_list":["post-473258","post","type-post","status-publish","format-aside","has-post-thumbnail","category-finance-en","category-international-institutions","category-leaders-en","tag-3-35-billion","tag-imf","tag-international-monetary-fund","tag-nigeria","tag-special-drawing-rights","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Special drawing rights: Nigeria fares with $ 3.35 billion - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2021\/08\/06\/special-drawing-rights-nigeria-fares-with-3-35-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-06T09:37:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2021\/08\/Muhammadu-Buhari-E2QY-wcXsAI83MN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Special drawing rights: Nigeria fares with $ 3.35 billion\",\"datePublished\":\"2021-08-06T09:37:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/\"},\"wordCount\":210,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/Muhammadu-Buhari-E2QY-wcXsAI83MN.jpg\",\"keywords\":[\"$ 3.35 billion\",\"IMF\",\"International Monetary Fund\",\"Nigeria\",\"Special drawing rights\"],\"articleSection\":[\"Finance\",\"International Institutions\",\"Leaders\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/\",\"name\":\"Special drawing rights: Nigeria fares with $ 3.35 billion - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/08\\\/06\\\/special-drawing-rights-nigeria-fares-with-3-35-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/Muhammadu-Buhari-E2QY-wcXsAI83MN.jpg\",\"datePublished\":\"2021-08-06T09:37:15+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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