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Blog Post
December 06, 2023
As COP28 draws on, major multilateral development banks (MDBs) and the International Monetary Fund (IMF) have made flashy announcements about their desire to expand debt-for-nature swaps. About a year ago, we warned against overestimating the efficacy of such swaps in addressing both climate change...
Blog Post
July 25, 2023
As the RST builds momentum and scores of countries seek its concessional loans and technical assistance, a new CGD paper, The Resilience and Sustainability Trust: Early Learning and Challenges from Costa Rica and Rwanda, provide early learning from the point of view of lower-income countries themsel...
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 ...
Blog Post
February 15, 2023
Months of innovative work by AfDB staff have resulted in an attractive SDR recycling scheme that overcomes a major hurdle by successfully embodying the reserve asset characteristic. And it will allow leveraging SDRs to multiply their lending power 3-4 times. Now politicians have to step up and commi...
Blog Post
December 13, 2022
Earlier this year, the IMF board approved the establishment of the Resilience and Sustainability Trust (RST) to provide financial support to countries addressing long-term structural challenges, including climate change and pandemic preparedness. 143 countries are eligible to receive support from th...
Blog Post
November 30, 2022
SDRs are only part of the answer to Africa's economic and financial challenges. But they can be mobilized quickly and responsively to meet acute needs on the continent. The cost to the United States is essentially zero. The potential benefits to African countries and US credibility are immense.