In August 2021, the International Monetary Fund (IMF) increased its allocation of special drawing rights (SDRs) to member countries by 456 billion units, equivalent to about US$650 billion. This ...

The Monetary Authority of Singapore (MAS) announced today that Singapore intends to join international efforts to enhance the capacity of the International Monetary Fund (IMF) to help vulnerable ...

WASHINGTON, Feb 26 (Reuters) - The International Monetary Fund on Friday said it would propose ways to improve the transparency and accountability of how its Special Drawing Rights are used, a key U.S ...

Executive Directors welcomed the opportunity to discuss whether the SDR could play a broader role in contributing to the smooth functioning and the stability of the international monetary system (IMS) ...

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday threw her support behind a new allocation of the IMF's own currency, or Special Drawing Rights, but said broad parameters were ...

The World Bank estimates that COVID-19 could push between 143 and 163 million people into extreme poverty around the world in 2021, including nearly 50 million people in sub-Saharan Africa. And the ...

Following their efforts at the IMF and World Bank meetings in April, African finance ministers, have once again called for reforms to the SDR system during the general assemblies of the AfDB to ...

Monetary Fund (IMF) has deliberated its ability to respond to growing international financial turmoil in the wake of COVID-19. A historic US$650 billion was allocated to alleviate the growing fiscal ...

This is a joint post by Brad Setser and Stephen Paduano, the executive director of the LSE Economic Diplomacy Commission and a PhD candidate at the London School of Economics. These agenda ...

As the International Monetary Fund prepares for its next large-scale issue of special drawing rights, its reserve asset, the time is ripe for reform. At the top of the list of priorities should be ...