In August 2021, the International Monetary Fund (IMF) increased its allocation of special drawing rights (SDRs) to member countries by 456 billion units, equivalent to about US$650 billion. This ...

This blog answers some of the most common questions about how such a bond could work. Many of the questions were originally posed by Devex. Why do we need an SDR denominated bond? A number of ...

WASHINGTON, April 12 (Reuters) - Japan has pledged to double the percentage of International Monetary Fund Special Drawing Rights monetary reserves that it will reallocate to poorer countries to 40%, ...

Monetary Fund (IMF) has deliberated its ability to respond to growing international financial turmoil in the wake of COVID-19. A historic US$650 billion was allocated to alleviate the growing fiscal ...

Following their efforts at the IMF and World Bank meetings in April, African finance ministers, have once again called for reforms to the SDR system during the general assemblies of the AfDB to ...

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday threw her support behind a new allocation of the IMF's own currency, or Special Drawing Rights, but said broad parameters were ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. This blog answers some of the most common questions about how such a bond could ...