Leveraging the FfD4 preparatory process to remove barriers to channelling special drawing rights to multilateral development banks
Berensmann, Kathrin / Elise Dufief / Rob Floyd / Yabibal WalleExterne Publikationen (2024)
published on blogs.idos-research.de, 02.12.2024
In the face of multiple crises, the availability of development finance for developing countries is declining, even as their financing needs to achieve the Sustainable Development Goals are increasing. The Pact for the Future has recently called for eligible countries to channel half of their 2021 allocations of Special Drawing Rights (SDRs) at the International Monetary Fund (IMF) to developing economies, including through multilateral development banks (MDBs). The SDR is an interest-bearing international reserve asset set up by the IMF in 1969 to help member countries in times of economic difficulty. [...]
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