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In an article published in Phenomenal World, CEPR’s Alex Main and Ivana Vasić-Lalović explain how Venezuela lost access to its SDRs, and how unfreezing them could help set the country on a path to economic recovery.
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MarketWatch: There has to be at least one Republican senator who will have the fortitude to support something that will create jobs in the US, save lives all over the world, and is costless to the US government.
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It would be a pity if, after all the efforts that civil society and numerous leaders put into this SDR allocation, the SDRs remain unused amid a pandemic because of faux technocratic obstacles.
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IMF Special Drawing Rights Are Critical to Containing the Pandemic and Boosting the World Economy
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It is time for the IMF to act, like it did in mid-2009.
