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International Monetary Fund
More from the Series
Can Special Drawing Rights Be Recycled to Where They Are Needed at No Budgetary Cost?
April 20, 2021
In this note, David Andrews looks at one mechanism that could work for using excess SDRs to the benefit of low- and middle-income countries: donating them. It is a simple idea but hardly straightforward, as he demonstrates with a “case study” of how the United Kingdom might do this. The UK’s rules g...
Financing a Possible Expansion of the IMF’s Support for LICs
February 09, 2021
The IMF’s concessional support for low-income countries (LICs) is provided primarily through the Poverty Reduction and Growth Trust (PRGT). Since the start of the pandemic, lending from the PRGT has risen very sharply in response to the unprecedented and urgent needs of LICs; total PRGT credit outst...
How Might an SDR Allocation Be Better Tailored to Support Low-Income Countries?
February 04, 2021
Since Covid-19 emerged there have been numerous calls for an allocation of Special Drawing Rights (SDRs) as part of a broader effort to assist low-income countries (LICs) in dealing with the fallout from the pandemic. So far, these calls have been thwarted by political opposition from some of the IM...
On Fragility, Tipping Points, and International Coordination
October 22, 2020
Drawing on work done jointly with CGD, New York University’s Center on International Cooperation (CIC) just released a paper by Marc Jacquand that makes the case for better IFI-UN coordination in fragile states to better identify macroeconomic and political vulnerabilities, anticipate the tipping po...
Six Takeaways from the New Growth Forecasts from the IMF and the World Bank
October 16, 2020
This week the IMF released new global economic growth projections in the face of COVID-19, updating their earlier projections from June and from April before that. In recent weeks, the World Bank has also released new projections for various regions. Here are six takeaways that we gleaned from revie...
Debt Relief for Poor Countries: Three Ideas Whose Time Has Come
October 05, 2020
There are three critical and urgent issues that should rise to the top of the agenda for the upcoming meetings of the G20 and the IMF and World Bank. IMF shareholders should seize the moment to give the Fund a mandate to develop feasible but fit-for-purpose proposals in these areas.
How G20 Finance Ministers Can Act Responsibly on An SDR Reallocation
July 02, 2020
How could the IMF's special drawing rights support developing countries to recover from COVID-19.