IMF delays SDR valuation review
Delay reflects priority placed on Covid-19 response and possible clash with other workstream
The International Monetary Fund’s executive board has backed a proposal to delay the rebalancing of the special drawing rights (SDR) basket that usually occurs every five years.
In a report, IMF staff recommended the delay due to the need to prioritise work during the Covid-19 crisis and to avoid a clash with a second workstream on the SDR.
Besides reviewing the SDR “valuation basket” every five years, the IMF also considers the need to expand or reduce the SDRs on issue. At the moment, both
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