Fabio Masini
Unlocking the Strategic Potential of the EU’s SDRs: a Plan for Next Generation Africa
Robert Triffin International - Centro Studi sul Federalismo, February 2024
Abstract
In August 2021 the IMF decided on a historical general allocation of $650bn in Special Drawing Rights, with almost €150bn destined to the European Union Member States. These resources are likely to remain parked in the balance sheets of the Euro System of Central Banks. This note suggests a way to unlock the potential of such resources for financing a strategic plan for EU-Africa cooperation for the next decade which, given the amount of money involved (€750bn, the same as the Next Generation EU), we may call it Next Generation Africa.
