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Finding Bigfoot: New Data Shows the Difficulty of Tracking IMF Special Drawing Rights

Tracking the movements of IMF special drawing rights (SDRs) can be confusing and challenging. In an effort to increase transparency around SDR transactions, the IMF released its Annual Update on SDR Trading Operations. Most of the report focuses on Voluntary Trade Arrangements, a backbone of the SDR system. In this post, let’s take a look at two questions: What are Voluntary Trade Agreements, and why do they matter for allocating and rechannelling SDRs?

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What We Know (and Don't) about US Funding to End the Global Pandemic

Lawmakers on Capitol Hill extended a lifeline to US global response efforts with the provision of supplemental funding. Early on, sums dedicated to the overseas fight were modest, but last year's end-of-year spending package included $4 billion for Gavi, the Vaccine Alliance—to support the multilateral vaccine procurement platform COVAX. And the spring 2021 reconciliation package, known as the American Rescue Plan, included close to $11 billion for international pandemic response.

A person carrying an open umbrella walks by the entrance to the IMF on a rainy day

Rechanneling SDRs to MDBs: Urgent Action Is Needed to Jumpstart the Green Equitable Transition

With the recent allocation of special drawing rights (SDRs)—a reserve asset issued by the IMF—to help countries weather the economic effects of the pandemic, the international discussion has shifted to ways to rechannel a portion of the SDRs that were allocated to high-income economies. The focus has been on the IMF itself as the channel for getting these resources from advanced countries to vulnerable low- and middle-income countries.

An image of the IMF/World Bank Meetings.

Don’t Lose Sight of the Real Business of the IMF-World Bank Annual Meetings

Anyone who follows the media on development finance will not be surprised if the corridor talk at the upcoming Annual Meetings of the World Bank and International Monetary Fund (IMF) is affected by the recent World Bank decision to discontinue the Doing Business Index. These discussions will invariably include the implications for data management and integrity at the Bank as well as spillovers questions regarding the leadership at both institutions.

A stethoscope on a pile of cash

Governing New Pandemic Preparedness Financing – What’s Needed for Credibility, Legitimacy, and Effectiveness

Regardless of the institutional home and scope, there are four essential attributes to build into the financial intermediary fund (FIF)’s design, drawing on lessons learned from existing global funding entities and the broader global governance community. While these elements are intuitive in theory, they require deliberate design and commitment to ensure that they are integrated effectively into the ultimate FIF.

An illustrated image of Europe and Africa side-by-side, with a wheel in between representing the Accelerator Hub

An Accelerator Hub to Foster Investments in Africa

Through its European Investment Advisory Hub, the European Union (EU) has built solid experience in project preparation within its own borders by connecting project promoters and intermediaries with advisory partners who work directly together to help projects reach the financing stage. Building on this approach, we propose the establishment of an Accelerator Hub, which would provide targeted support to identify, prepare, and develop investment projects in Africa.

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