Rethinking and Reforming the IMF

In this note we consider the technical challenges of channeling SDRs to institutions other than the IMF that have already been approved as ‘prescribed holders’ of SDRs. This innovation, operating in addition to the options described above, would have the potential to significantly increase the volum...

The phrase “giving with one hand while taking with the other” has rarely been more appropriate than in examining the UK’s recent approach to the aid budget. Under current plans, by increasing its contributions to the IMF’s concessional lending pot, the UK will actually reduce the amount of aid avail...

The IMF should set up a Global Resilience Trust (GRT) without delay, allowing at least $50 billion from the recent special drawing rights (SDR) allocation to be channeled to low- and middle-income countries.  In an earlier note, we explained the elements needed for the GRT to meet these va...