Worldwide cases of COVID-19 remain on the rise, with new variants such as Delta spreading faster than ever.
Many populations continue to live under the shadow of deaths and hospitalizations, and the knock-on economic impacts of the pandemic have been huge, with an extra 160 million people at risk of being pushed into extreme poverty.
International financial support exists in the form of Special Drawing Rights (SDRs) a financial asset issued in times of crisis by the IMF. There’s just one problem – most of the new SDRs will go to the wealthiest countries who need them least. Right now, wealthy countries are set to receive 68% of new SDRs whilst the whole African continent would receive about 5%.
This is a shocking imbalance – but it’s easily fixed. European leaders can help by publicly committing to reallocate a portion of their SDRs to low-income countries.
Send an email directly to Europe’s leaders calling on them to step up and contribute their fair share of SDRs to an equitable global recovery.