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Blog Post
June 16, 2023
The International Monetary Fund (IMF) needs more subsidy resources to continue its concessional lending to low-income countries (LICs) at current levels. Following the example set by the United Kingdom, lenders to the IMF's Poverty Reduction and Growth Trust (PRGT) can build subsidy resources into t...
Blog Post
June 02, 2023
Current resources for the IMF's PRGT are not sufficient to support continued high demand. The problem is the lack of subsidy resources, which has worsened markedly in the current environment. Donors will have to step up or PRGT lending will be curtailed. If donors don’t step up with new commitments ...
Blog Post
May 23, 2023
In November 2021, the G20 pledged to recycle $100 billion of Special Drawing Rights (SDRs) from advanced economies to more vulnerable countries. While these countries jumped on the moment to offer public promises, they've been slower to deliver on those financial commitments. But it is likely that a...
May
9
2023
10:00—11:30 AM ET / 3:00-4:30 PM BST
May 02, 2023
The IMF established the Resilience and Sustainability Trust (RST) in April 2022 and five countries now have programs with the IMF under the RST. During this event, panelists will discuss the challenges in putting together the RST-supported programs and the nature of the conditions for lending under ...
Apr
11
2023
12:30—2:00 PM ET 5:30-7:00 PM BST In-person and Online
April 04, 2023
In the wake of COVID-19, African countries are set to receive special drawing rights to boost their economies. However, there is a need to increase African agency in development financing – including in the deployment of SDRs to best meet African development agendas such as Agenda 2063. During COVID...
Mar
28
2023
10:00—11:30 AM ET , 3:00-4:30 PM BST
March 14, 2023
The 2021 allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF) provided a vital lifeline for the global economy during the COVID-19 pandemic. As the world moves towards a post-pandemic future, SDRs could play a vital role in shaping the global economic recovery. Howeve...
Blog Post
March 09, 2023
Many advanced-economy countries are looking for ways to recycle their excess Special Drawing Rights (SDRs) to support more vulnerable countries whose economies are being buffeted by the economic aftermath of the COVID-19 pandemic and the Russian invasion of Ukraine. The G20 has pledged $100 billion ...