Special Drawing Rights (SDRs) are financial assets used in times of crisis to help countries, distributed by the International Monetary Fund (IMF).
But whilst lower-income countries needed urgent support, billions of these funds went to already wealthy higher-income countries.
The system has been criticized as deeply unfair and the UN has called for at least 25% of the funds received by wealthy nations to go to countries in severe need.
Now, some countries are stepping up – but just as important as reallocating the funds it making sure their used in the most effective way.
Rich nations must ensure these extra billions go to those most in need by channeling funds through the African Development Bank which has a strong track record on delivering and supporting programmes that tackle systemic challenges and directly fight extreme poverty.
Join Global Citizen in urging leaders to work with the African Development Bank to help end extreme poverty for all. Tweet now.