By William Wallis, Africa Editor
Published: April 2 2009 23:26 | Last updated: April 2 2009 23:26
On paper at least, African leaders appear to have emerged from the G20 summit with most of what they wanted.
Meles Zenawi, the Ethiopian prime minister, who is officially representing the continent, had urged the International Monetary Fund to sell part of its gold reserves to finance a $50bn (€37bn, £34bn) rescue package for low-income countries. The summit approved the plan.
Poor countries should also benefit from a $250bn increase in the IMF’s special drawing rights, the fund’s reserve currency, about 7 per cent of which could accrue to Africa.
“I think we made a very surprising level of progress,” Mr Meles told the Financial Times.
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