When special drawing rights aren’t so special
Hannah Wanjie Ryder & Gyude Moore
March 02, 2021 22:43
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With the arrival of US President Joe Biden’s administration, calls for a fresh allocation of special drawing rights (SDRs) the International Monetary Fund’s (IMF) reserve assets have gained new momentum. Yet while such proposals are supposedly geared toward assisting developing countries hit hard by the coronavirus pandemic, SDRs are allocated according to a country’s IMF quota and voting share, rather than its needs. As such, the vast majority of any new allocation would go to wealthy countries.
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Tech Square Ventures Adds Vasant Kamath as General Partner
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ATLANTA, March 1, 2021 /PRNewswire/ Tech Square Ventures today announced the addition of Vasant Kamath as a General Partner. A seasoned technology investor, Kamath brings over 15 years of experience investing in companies that have had more than $4 billion in announced exits.
Kamath joins the Atlanta-based firm as it launches Tech Square Venture Fund II, focused on making early-stage investments in enterprise and marketplace technology startups. With more than $90 million under management through two separate funds, Tech Square Ventures has become one of the most active early-stage venture firms in the Southeast. The firm has invested in over 50 startups, capitalizing on its expertise in early-stage go-to-market strategies as well as its unique Engage program, a partnership with Georgia Tech, Invest Georgia and 11 leading corporations, now in its fourth year.