Breathing Room
France, African leaders push to redirect $100 billion in IMF SDR reserves by October
French President Emmanuel Macron said on Tuesday a summit in Paris on Africa financing had agreed to work towards persuading rich nations by October to reallocate $100 billion in IMF special drawing rights monetary reserves to African states. Impoverished African economies must not be left behind in the post-pandemic economic recovery and a substantial financial package is needed to provide much-needed economic stimulus, African and European leaders concluded at a summit in Paris. In the immediate term, that meant accelerating the COVID-19 vaccine rollout and creating the fiscal breathing room for African nations, which will face a spending shortfall of some $285 billion over the next two years, the summit communique showed. The communique set out a two-pronged response based on addressing...
Report: Barcelona open to selling Antoine Griezmann for the right price
Italian Sky Sports journalist Matteo Moretto has proclaimed that Barcelona are willing to sell French superstar Antoine Griezmann in the summer if they were to receive an adequate offer, in order to try and ease the pressure on their accounts. After a far from optimal start to his stint in Garnet and Blue, Griezmann has largely managed to turn his fortunes around. He has established himself as a very useful asset for Barcelona, and proved to be an instrumental part of the Catalans’ Copa del Rey triumph. However, despite his turn of form, there has been constant speculation regarding Antoine Griezmann’s departure from Barcelona. Considering the massive cost of his transfer from Atletico Madrid two seasons ago and his high wages, the club might be open to a sale in the summer. The upcoming t...
