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The Future of Special Drawing Rights (SDRs)

The 2021 allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF) provided a vital lifeline for the global economy during the COVID-19 pandemic. As the world moves towards a post-pandemic future, SDRs could play a vital role in shaping the global economic recovery. However, the question remains: what is the future of the SDR? The discussion will focus on the potential uses of SDRs in the global economic recovery and the challenges associated with their issuance, distribution, and use. We will examine the role of SDRs in promoting sustainable economic growth, reducing global poverty, and addressing global economic imbalances. We will also explore innovative proposals for SDR use. The goal of this event is to foster an open and collaborative discussion among leading experts on the future of SDRs. Through this discussion, we hope to gain a deeper understanding of the potential uses of SDRs and their role in promoting a more sustainable and equitable global economy. 00:00 - Welcome by Mark Plant, CGD 03:34 - Hassatou Diop N’Sele, AfDB 10:32 - Brad Setser, CFR 21:23 - Ted Truman, Harvard Kennedy School 27:35 - Rachel Turner, Foreign Commonwealth and Development Office 35:34 - Adil Ababou, Bill and Melinda Gates Foundation 42:40 - Sara Harcourt, The ONE Campaign 48:53 - General discussion 01:32:22 - Closing