After the IMF’s August 2021 allocation of $650 billion worth of special drawing rights (SDRs), the G20 pledged to recycle $100 billion worth of that allocation from high-income countries to middle- and low-income countries. These recycled SDRs—not needed by advanced economies—would help lower-income...

We focus on the implications of the new IMF RST’s financial structure for contributors and borrowers.

In the midst of a crisis, Special Drawing Rights (SDRs) are sitting idle in many countries’ central banks. With a political push and some technical innovation, they can be put to good use at the multilateral development banks (MDBs) to accelerate the fight against climate change.

The IMF’s promising initiative to establish its Resilience and Sustainability Trust (RST)—a new way to lend to developing countries—is on track to be agreed and operational in 2022.

On August 23rd, 2021, the IMF allocated $650 billion of Special Drawing Rights to its member countries, in proportion to their quotas. Yet many decried that the distribution of the new allocation was not aimed at those countries that needed it the most. Something had to be done, quickly, t...

Even as the fight to control COVID-19 at home is far from over, to bring an end to the pandemic, the administration must dramatically expand its global response work—and continue its efforts to rally the international community. Here we provide a rundown of the administration’s progress toward achie...