The recent UN Pact for the Future highlighted the role that Special Drawing Rights could play – alongside other reforms to the international financial architecture – in creating a global financial safety net that meets the challenges of the current moment. A heads of state declaration by the Climate Vulnerable Forum (CVF) in September, meanwhile, called for a new $650 billion allocation of SDRs, and for the IMF to explore future SDR allocations that are regular and needs-based, building on calls for a new $650 billion SDR allocation in the recently-launched Bridgetown Initiative 3.0.

This panel will discuss the way forward on this critical issue on the side-lines of the 2024 World Bank and IMF Annual Meetings.

• Andrés Arauz, Senior Research Fellow, Center for Economic Policy and Research
  
• Dr Pep Bardouille, Director, Bridgetown Initiative, Government of Barbados
• Daouda Sembene, CEO, AfriCatalyst; former executive director for Sub-Saharan African constituency at the IMF