Uses and Impacts of Special Drawing Rights (SDRs) in Developing Countries: Advancing Climate Action and the 2030 Agenda

Apr 14, 2023

12:00 PM - 1:30 PM (GMT-4)


International Monetary Fund

Watch the recording of this event here

The IMF’s 2021 Special Drawing Rights (SDRs) allocation provided swift, indispensable crisis relief for developing countries around the world, without harmful conditions or additional debt, and at zero cost to any IMF member country. But while this issuance proved critical, the global economic situation remains dire. In addition to the continued fallout of the pandemic, developing countries face international economic shocks from the war in Ukraine, a likely impending global recession, and the devastating impacts of a climate crisis for which they bear little responsibility.

This panel will explore the impacts and uses of the 2021 issuance, and the potential role of a new issuance in enabling countries to weather the continued crisis, take climate action, and realize the 2030 Development Agenda.

Patricia Miranda, Global Advocacy Director, Latin American Network for Economic and Social Justice (LATINDADD)
Richard Kozul-Wright, Director of the Globalisation and Development Strategies Division, UNCTAD
Avinash Persaud, Chair, CARICOM Commission on the Economy
Lara Merling, Senior Policy Advisor at the Boston University Global Development Policy Center and CEPR Senior Research Fellow
Jason Braganza, Executive Director of the African Forum and Network on Debt and Development (AFRODAD)
Andrea Gamba, Deputy Division Chief Strategy, Policy, and Review Department, IMF

Alex Main, Director of International Policy, Center for Economic and Policy Research

Center for Economic and Policy Research, Latindadd, Arab Watch Coalition, Boston University Global Development Policy Center, Eurodad, Afrodad, Bretton Woods Project, Oxfam International

Support Cepr


If you value CEPR's work, support us by making a financial contribution.

Si valora el trabajo de CEPR, apóyenos haciendo una contribución financiera.

Donate Apóyanos