Oct 04, 2021
8:00 AM - 9:30 AM (GMT-5)
CEPR, ActionAid, Afrodad, the Bretton Woods Project, Eurodad, Global Policy Forum, Jubilee Debt Campaign, Latindadd, Oxfam International, and others
To maximize the impacts of the upcoming allocation of US$650 billion Special Drawing Rights (SDRs), the IMF is working on proposals for countries with strong external positions to voluntarily channel their SDRs to vulnerable countries. How can the design of these mechanisms enable transfers on a grant or low-interest basis? Provide access to both low-and middle-income countries in need? Avoid onerous economic policy conditions? Support country-owned and accountable plans for pandemic response and inclusive and sustainable recovery? The session assessed the need and viability of a new SDR allocation to meet outstanding COVID response and recovery needs.
This event was sponsored by CEPR, ActionAid, Afrodad, the Bretton Woods Project, the Catholic Agency for Overseas Development, Eurodad, Global Policy Forum, Global Call to Action Against Poverty, Jubilee Debt Campaign, Latindadd, Oxfam International, Social Justice in Global Development, Society for International Development, and Third World Network.
- Kristalina Georgieva, IMF Managing Director
- Izabella Kaminska, Financial Times
- Andres Arauz, CEPR senior research fellow
- Ceyla Pazarbasioglu, IMF
- George Gray Molina, UNDP
- Nadia Daar, Oxfam International
- Patricia Miranda, Latindadd