How the IMF Continues to Change To Confront Global Challenges
From COVID-19 to climate change, economies are facing new challenges.
A Hobbled Recovery Along Entrenched Fault Lines
The global recovery continues amid increasing uncertainty, more complex policy trade-offs.
Sharing the Recovery: SDR Channeling and a New Trust
Options to magnify the impact of the Special Drawing Rights Allocation through voluntary channeling.
The SDR: Giving An Old Idea New Life
By IMFBlog
June 2, 2017
The IMF’s Special Drawing Right, or SDR, was created more than 50 years ago and used only by IMF member countries to supplement their official reserves. The SDR’s value is based on a basket of five major currencies—the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound. In this podcast, Mohamed El-Erian, Chief Economic Advisor at the financial services firm Allianz, and a former deputy director at the IMF, says an expanded use of the SDR in global markets could help to strengthen the world economy. […]