5 min listen
What $650bn in SDRs Means for the Global Recovery
FromIMF Podcasts
ratings:
Length:
14 minutes
Released:
Aug 23, 2021
Format:
Podcast episode
Description
Special Drawing Rights (SDR) are international reserve assets and used as the accounting unit for IMF transactions with its member countries. Earlier this month, in a historic multilateral response to the pandemic, the IMF board of governors approved a new SDR allocation of $650 billion, the largest in the institution's history. Ceyla Pazarbasioglu heads the Strategy, Policy and Review Department at the IMF. In this podcast, she says the SDR allocation will go a long way toward helping vulnerable countries and minimize the dangerous divergence in recovery paths around the world. Transcript: https://bit.ly/3y6inY1
Released:
Aug 23, 2021
Format:
Podcast episode
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