Review Of The Method Of Valuation Of The Sdr Proposed Extension Of The Valuation Of The Sdr Basket And Modification Of The Date Of Effect Of A New Basket
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| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 7 |
| Release | : 2021-03-15 |
| Genre | : Business & Economics |
| ISBN | : 1513574035 |
On March 5, 2021, the IMF’s Executive Board approved an extension of the current Special Drawing Right (SDR) valuation basket by ten months from September 30, 2021 to July 31, 2022. The IMF normally reviews the composition and valuation of the SDR basket every five years. The extension effectively resets the five-yearly cycle of SDR valuation reviews, with the next review to be completed by mid-2022 and the new basket becoming effective on August 1, 2022. The ten-month extension contributes to the Fund’s ongoing efforts to prioritize work during the COVID-19 crisis and allows for a more suitable effectiveness date of the new basket, which does not coincide with some major markets being closed. The approved extension, as well as effectiveness date of a new basket, is intended to facilitate the continued smooth functioning of SDR-related operations.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 48 |
| Release | : 2021-07-12 |
| Genre | : Business & Economics |
| ISBN | : 1513583549 |
On June 25, the Executive Board discussed a proposal for a historic US$650 billion general allocation of SDRs to address the long-term global need to supplement existing reserve assets. Following concurrence by the Executive Board on July 8, the Managing Director submitted the proposal to the Board of Governors on July 9 for its approval by August 2. If approved, which requires an 85 percent majority of the total voting power, the allocation would become effective by the end of August. The proposal makes a case for an allocation of US$650 billion (about SDR 456 billion), based on an assessment of IMF member countries’ long-term global reserve needs. It also includes measures to enhance the transparency and accountability in the reporting and use of SDRs while preserving the reserve asset characteristic of the SDR. The general allocation would help many EMDCs that are liquidity constrained smooth needed adjustment and avoid distortionary policies, while providing scope for spending on crisis response and vaccines.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 247 |
| Release | : 2006-09-14 |
| Genre | : Business & Economics |
| ISBN | : 1589065611 |
The Annual Report 2006 to the Board of Governors reviews the IMF’s activities and policies during the financial year (May 1, 2005, through April 30, 2006). The main sections cover the Fund’s Medium-Term Strategy; country, global, and regional surveillance; strengthening surveillance and crisis prevention; IMF program support and crisis resolution; the Fund’s role in low-income countries; technical assistance and training; financial operations and policies; and governance and management of the IMF. Besides the full financial statements for the year, appendixes cover international reserves, financial operations and transactions, principal policy decisions, press communiqués of advisory committees, Executive Directors and their voting power, and changes in the Executive Board’s membership.
| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 23 |
| Release | : 2009-08-28 |
| Genre | : Business & Economics |
| ISBN | : 1498335632 |
Against the backdrop of the global financial crisis, the IMF has decided to implement a US$250 billion general allocation of special drawing rights (SDRs). In addition, the Fourth Amendment of the Fund’s Articles of Agreement has recently become effective, and will make available to SDR Department participants a special allocation of up to an additional SDR 21.5 billion (US$33 billion). Nearly US$115 billion of these combined allocations will go to emerging market and developing countries, including about US$20 billion to low-income countries (LICs), thereby providing an important boost to the reserves of countries with the greatest needs.
| Author | : International Monetary Fund |
| Publisher | : |
| Total Pages | : 256 |
| Release | : 2006 |
| Genre | : Foreign exchange |
| ISBN | : |
| Author | : International Monetary Fund |
| Publisher | : |
| Total Pages | : 256 |
| Release | : 2006 |
| Genre | : Globalization |
| ISBN | : |
| Author | : Mr.James M. Boughton |
| Publisher | : International Monetary Fund |
| Total Pages | : 474 |
| Release | : 1996-09-26 |
| Genre | : Business & Economics |
| ISBN | : 9781557756046 |
This book edited by Michael Mussa, James M. Boughton, and Peter Isard, records the proceedings of a seminar held at the IMF in March 1996 on the future of the special drawing right (SDR), given changes in the international monetary system since the inception of the SDR. The seminar focuses on the differences in opinion in the international community on the desirability or feasibility of an additional allocation of SDRs.
| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 45 |
| Release | : 2005-10-28 |
| Genre | : Business & Economics |
| ISBN | : 1498330886 |
This paper sets out the main issues for the 2005 review of the SDR currency basket and interest rate basket. It provides the basis for the quinquennial review by the Executive Board of the method of valuation of the SDR, in accordance with the Executive Board decision on the calculation of currency amounts for the SDR valuation basket adopted in the context of the 2000 review. The new valuation and interest rate baskets will come into effect on January 1, 2006, unless the Executive Board decides otherwise.
| Author | : International Monetary Fund. Asia and Pacific Dept |
| Publisher | : International Monetary Fund |
| Total Pages | : 65 |
| Release | : 2015-07-16 |
| Genre | : Business & Economics |
| ISBN | : 1498344313 |
This paper lays out initial considerations for the quinquennial review of the method of valuation of the Special Drawing Right (SDR) currency basket. As in previous reviews, a key objective is to enhance the attractiveness of the SDR as an international reserve asset. In that context, the review will assess the currencies for SDR basket inclusion, currency weights, and the SDR interest rate basket. The paper takes as a starting point the conclusions of the last review in 2010 and the subsequent Board discussion of currency selection criteria in 2011. At the time of the last review, China met the gateway export criterion but the renminbi (RMB) was not included in the SDR basket as it was not judged to be freely usable, the second currency selection criterion. In light of the Board’s broad support in 2011 for the existing legal framework, and since China continues to meet the export criterion, this paper discusses building blocks relevant for a future determination on whether to include the RMB in the basket under the existing criteria.
| Author | : Norman K. Humphreys |
| Publisher | : International Monetary Fund |
| Total Pages | : 392 |
| Release | : 2000-06-28 |
| Genre | : Business & Economics |
| ISBN | : 1475507240 |
IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.
