Underpinning
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...
All Chinese schools now have access to internet
Andrew Brookes/Getty Images All Chinese schools now have full access to the Internet, and 95.2 per cent of them are equipped with multi-media classrooms, according to a senior official with China’s Ministry of Education. The country has been constantly accelerating informationisation of teaching, and sees it as underpinning the modernisation of education, said Zhong Denghua, vice minister of the education ministry, at a virtual conference attended by ministers of education on the E9 Digital Learning Initiative jointly held by UNESCO and Bangladesh on April 6. Following the outbreak of the COVID-19 pandemic, online courses thrived across the country as a way to ensure normal teaching activities, said Zhong, adding that nearly 300 million teachers and students had learnt or taught online whi...
