Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations

Released on by International Monetary Fund. Strategy, Policy, & Review Department
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  • Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations Book Detail

  • Author : International Monetary Fund. Strategy, Policy, & Review Department
  • Release Date : 2009-08-28
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 23
  • ISBN 13 : 1498335632
  • File Size : 11,11 MB
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Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations by International Monetary Fund. Strategy, Policy, & Review Department PDF Summary

Book Description: Against the backdrop of the global financial crisis, the IMF has decided to implement a US$250 billion general allocation of special drawing rights (SDRs). In addition, the Fourth Amendment of the Fund’s Articles of Agreement has recently become effective, and will make available to SDR Department participants a special allocation of up to an additional SDR 21.5 billion (US$33 billion). Nearly US$115 billion of these combined allocations will go to emerging market and developing countries, including about US$20 billion to low-income countries (LICs), thereby providing an important boost to the reserves of countries with the greatest needs.

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