From the article:
Daouda Sembene, Distinguished Non-Resident Fellow at the Center for Global Development, also called on wealthy countries to rechannel their SDRs to the countries that need them, and proposed that they partner with regional multilateral development banks to do so, stating, “We — especially the US and all the large shareholders — have to make sure that the IMF handles and manages these resources in the most effective way by partnering with other multilateral development banks… to make sure that they can take advantage of their expertise to fight climate change. That’s for one. The second issue is we are talking about $50 billion [in proposed SDR rechanneling], but don’t you forget that the G20 members have accumulated more than $440 billion out of the SDR allocation of $650 billion, so we are talking about money that is sitting there at the IMF not serving any purpose. Why wouldn’t the G20 accept on top of the $100 billion that it has pledged… to add all of that and use SDRs… [in] the fight of climate change?… It can go through the World Bank, it can go through regional development banks like ADP, or the African Development Bank… I think that would be the most effective way to mobilize more meaningful resources on the fight against climate change.”