Rethinking and Reforming the IMF

More from the Series

Blog Post
An SDR Liquidity Line for MDBs
September 30, 2024
In the wake of the pandemic, world leaders agreed to a US$650bn allocation of Special Drawing Rights (SDRs) to bolster global liquidity. Countries across the world benefitted, but the lion-share of SDRs are allocated to larger economies in line with their IMF quotas. The G20 and other advanced econo...
POLICY PAPER
A Liquidity Line for MDBs: SDR Rechanneling Revisited
September 30, 2024
World leaders are calling on the multilateral development banks (MDBs) to greatly increase development and climate finance for developing countries using their capital more efficiently. MDBs hold large amounts of liquidity on their balance sheets as well as capital. The International Bank for Recons...
Blog Post
The IMF’s Robust Balance Sheet Should Be Leveraged to Increase Support for Developing Countries
June 10, 2024
In a new CGD paper, the CAF review holds an important lesson for the IMF which, if acted on, could allow it to greatly increase its support for low-income countries (LICs) while maintaining its robust financial buffers. The paper also summarizes the financial structure of the IMF’s General Resourc...
WORKING PAPER
Can the IMF Use Its Balance Sheet More Effectively to Address Global Challenges?
June 10, 2024
The IMF was not included in the recent review of multilateral development banks’ capital adequacy frameworks that proposed reforms to allow them to expand their lending to developing countries. The paper considers whether this review contained lessons for the IMF despite its distinct role and financ...