Sunday, July 5

Africa

Special Drawing Rights (SDRs) are a reserve asset created by the International Monetary Fund (IMF) to supplement its member countries’ reserves.

According to the IMF’s website, a total equal to US$943 billion in SDRs has been allocated to date from the time they were created in 1969. This figure is inclusive of the SDR456 billion approved on the 2nd of August 2021. This most recent allocation was made necessary by the need to help countries around the world to cope with the effects of the COVID-19 pandemic. The value of the SDR is based on a basket of five currencies which include: the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound. 

Suicide has become a major urgent public health crisis in the continent and has led to the premature death of especially productive youth in their prime—the future builders of the continent.

According to the World Health Organization (WHO), more than 700,000 persons die by suicide every year globally and it is the fourth leading cause of death among 15 to 29-year olds.  From job losses, trauma, abuse, mental health disorders and barriers to accessing health care these are just but a few triggers to committing suicide by many millennials. 

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