ESCWA Publication: E/ESCWA/CL3.SEP/2021/POLICY BRIEF.1
Country: Arab region
Publication Type: Policy briefs
Cluster: Shared Economic Prosperity
Focus Area: Financing for development
Initiatives: Sustainable urban development
SDGs: Goal 11: Sustainable Cities and Communities
Keywords: Covid-19, Special drawing rights, Foreign direct investment, Liquidity, Development finance institutions, Liquidity, Development finance
Special Drawing Rights and Arab Countries: Financing for development in the era of COVID-19 and beyond
September 2021
The International Monetary Fund (IMF) announced a historic new allocation of special drawing rights (SDRs) worth $650 billion. This is the largest allocation of SDRs since they came into existence as an international reserve asset in 1969, roughly the equivalent of all foreign direct investment flows ($663 billion) received by developing countries in 2020.
Through this new allocation, the IMF is providing a three-fold liquidity boost from $290 billion to $940 billion to support the COVID-19 recovery and post-pandemic resilience.
Related content
Financing for development
,
The International Monetary Fund (IMF) announced a historic new allocation of special drawing rights (SDRs) worth $650 billion. This is the largest allocation of SDRs since they came into existence as an international reserve asset in 1969, roughly the equivalent of all foreign direct investment flows ($663 billion) received by developing countries in 2020.
Through this new allocation, the IMF is providing a three-fold liquidity boost from $290 billion to $940 billion to support the COVID-19 recovery and post-pandemic resilience.
