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 ...

The International Monetary Fund (IMF) annual meeting on October 16 witnessed the operationalization of a major trust fund, the Resilient and Sustainable Trust (RST), established for the purpose of ...

WASHINGTON, Aug 29 (Reuters) - The International Monetary Fund on Tuesday said its August 2021 allocation of $650 billion in Special Drawing Rights helped countries cope with the COVID pandemic and ...

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 ...

Skyrocketing inflation, economic fallout from Russia’s war in Ukraine and extreme weather are not only rocking the U.S., but also stoking the flames of a looming debt crisis in the Global South. As ...

WASHINGTON, Oct 14 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said she does not see another allocation of International Monetary Fund emergency reserves to member countries as ...

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%, ...

In August of last year, the International Monetary Fund (IMF) responded to the COVID-19 pandemic and the resulting global economic crisis with a new allocation of $650 billion worth of Special Drawing ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper provides an update on the status of the SDR trading market and operations one year after the historic fourth ...

The World Bank estimates that COVID-19 could push between 143 and 163 million people into extreme poverty around the world in 2021, including nearly 50 million people in sub-Saharan Africa. And the ...

Executive Directors welcomed the opportunity to discuss whether the SDR could play a broader role in contributing to the smooth functioning and the stability of the international monetary system (IMS) ...