Rethinking and Reforming the IMF

More from the Series

Blog Post

The IMF’s Shareholders Disappoint on SDRs

March 26, 2024
There was a very disappointing development at the IMF Executive Board earlier this month—the postponement of a formal decision on whether special drawing rights (SDRs) could be recycled to the hybrid capital scheme proposed by two multilateral development banks (MDBs), the African Development Bank (...
CGD NOTE

Does SDR Recycling Impair Reserve Management? The Case of the United Kingdom

November 14, 2023
In the wake of a challenging year, the Bank of England (BoE) has found itself navigating a tumultuous economic landscape marked by significant upheavals. Following the release of the mini-budget in September 2022, the BoE was compelled to take proactive measures to stabilize the financial system. Th...
Blog Post

Empty Words, Empty Wallets: The G20’s Broken Promise on SDR Recycling

October 30, 2023
In August 2021, as the world continued to grapple with the far-reaching effects of the ongoing global pandemic, the International Monetary Fund (IMF) took a significant step to help. Recognizing the unprecedented challenges faced by nations, the IMF issued an allocation of US$ 650 billion worth of S...
Press Release

Marrakech Meeting on SDRs Rechanneling: Accelerating Development Finance Through Multilateral Development Banks

October 24, 2023
MARRAKECH, MOROCCO ― The African Development Bank (AfDB), Inter-American Development Bank (IDB), The Rockefeller Foundation, and the Center for Global Development came together to co-host a high-level meeting on October 13th to discuss the rechanneling of Special Drawing Rights (SDRs) from contribut...