Special Drawing Rights (SDRs) have the potential to become a key mechanism for financing a just transition to climate-resilient economies and supporting the Covid-19 recovery. Following its historic allocation of $650 billion in SDRs, the IMF has proposed a Resilience and Sustainability Trust to facilitate the re-channeling of these resources to vulnerable countries. This panel will explore the Fund’s proposal, contrasting it with principles for fair SDR re-channeling set out in the CSO letter to the G20 in September 2021. The session will assess the value of SDRs, including through potential future allocations, in contributing to financing climate action and pandemic preparedness via meeting ambitious, nationally-determined goals.
- Moderator: Chiara Mariotti, Senior policy and advocacy officer, Eurodad
- Panelist 1: Sara Jane Ahmed, Finance advisor, Vulnerable 20 (V20), member of Taskforce on Climate, Development and the IMF
- Panelist 2: Andres Arauz, Senior Research Associate, CEPR
- Panelist 3: Fr. Charles Chilufya, Justice & Ecology Director, Jesuit Conference of Africa & Madagascar
- Panelist 4: Arnaud Buissé, Executive Director, France, IMF
*Simultaneous interpretation in French, Arabic and Spanish available when joining via Webex