An Unprecedented Opportunity to Boost Finance for Development

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An Unprecedented Opportunity to Boost Finance for Development

June 24, 2021

This brief argues that the expected Special Drawing Rights (SDR) allocation worth $650 billion is an unprecedented opportunity to ensure a global inclusive and sustainable recovery from the pandemic. The brief summarizes the current debt situation across developing countries, and the distribution and relative size of the SDR allocation. It then discusses different scenarios open to re-directing SDRs from wealthy countries to vulnerable developing economies and the different objectives and challenges of doing so.