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Creating a Fit-for-Crisis Global Financial Safety Net: The Role of SDRs [1]

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Date: 2024-10 

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.

Confirmed panellists include:

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

Moderator: Niranjali Amerasinghe, Executive Director, ActionAid USA

Endorsing organizations: Bretton Woods Project, ActionAid USA, Action Corps, Partners in Health, Latindadd, Eurodad, MENA Fem Movement, Oxfam, CEPR.

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[1] Url: https://cepr.net/events/creating-a-fit-for-crisis-global-financial-safety-net-the-role-of-sdrs/

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