Ideas to Action:

Independent research for global prosperity

External Event

Promoting Equity and Accountability in IMF Special Drawing Rights

Thursday, October 28, 2021 - 8:00am to 9:30am Eastern Time (US and Canada)

This event is co-sponsored by AFRODAD, the Center for Global Development, the Bill and Melinda Gates Foundation, the International Budget Partnership, Latindadd and the Open Society Foundation. It features CGD Co-Director of Development Finance and Senior Policy Fellow, Mark Plant.

On August 23, 2021, the IMF allocated a historic $650 billion worth of SDRs to its member states, to help countries tackle the economic impact from COVID-19.

Although SDRs allocations in many countries will be held by central banks, they have the potential to provide governments with fiscal flexibility and support priority spending in low- and middle-income countries. The decisions on how countries use their SDRs are too important to be made opaquely and without public input, especially when inequality and perceived corruption have already undermined public trust in many governments.

This event will unpack the policy implications created by the SDRs allocations and identify opportunities to promote equitable and accountable use of these funds.

SPEAKERS

  • Mark Plant, Senior Policy Fellow, Center for Global Development
  • Janet Zhou, Executive Director, Zimbabwe Coalition on Debt and Development
  • Andrés Arauz, Senior Research Fellow, Center for Economic and Policy Research
  • Jane Seruwagi Nalunga, Executive Director, SEATINI Uganda

CO-FACILITATORS

  • Adil Ababou, Senior Program Officer, Country Finance, Bill & Melinda Gates Foundation
  • Claire Schouten, Senior Program Officer, International Budget Partnership

*This event will be held in English, French, and Spanish

Related Experts

Photo of Mark Plant
Chief Operating Officer of CGD Europe, Co-Director of Development Finance, and Senior Policy Fellow