Proposal for a General Allocation of SDRs

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498335942
Total Pages : 69 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Proposal for a General Allocation of SDRs by : International Monetary Fund. Finance Dept.

Download or read book Proposal for a General Allocation of SDRs written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2009-09-06 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Faced with a global crisis of exceptional magnitude, the membership of the IMF has called for ambitious steps to strengthen the global financial safety net. These include, alongside efforts to strengthen the Fund’s lending capacity, an allocation of SDRs equivalent to US$250 billion to become effective well before the 2009 Annual Meetings. This call recognized that an SDR allocation is a prime example of cooperative monetary response to a global predicament. As such it would build confidence by adding to other concrete evidence of the international community’s commitment to a collaborative response to the crisis. This paper follows up on the IMFC’s request, in its Spring 2009 communiqué, for the IMF to put forward a concrete proposal assessing the case for such a US$250 billion allocation and describing how it could be implemented.

Proposal For a General Allocation of Special Drawing Rights

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513583549
Total Pages : 48 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Proposal For a General Allocation of Special Drawing Rights by : International Monetary Fund

Download or read book Proposal For a General Allocation of Special Drawing Rights written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-07-12 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Case for a General Allocation of SDRs During the Tenth Basic Period

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149833878X
Total Pages : 31 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Case for a General Allocation of SDRs During the Tenth Basic Period by : International Monetary Fund

Download or read book The Case for a General Allocation of SDRs During the Tenth Basic Period written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-10-06 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is the outcome of a periodic process regarding the allocation (or cancellation) of Special Drawing Rights (SDRs), and is a report by the Managing Director to the Board of Governors and the Executive Board along with a staff paper that assesses the merits of a general allocation. Following consultations with the Executive Board on the case for a general allocation, the Managing Director decided not to make a proposal for a general SDR allocation at this time. Though there was openness among many Directors to consider a proposal in the upcoming basic period, there was also a widely-shared sense that it would be premature at this stage, owing to ongoing discussions on the role of the SDR in the context of reform of the international monetary system. Decisions by the Fund on a general allocation or cancellation of SDRs take place at regular intervals (or basic periods) of normally five years, with the Managing Director’s report due six months before each new basic period. The tenth basic period begins on January 1, 2012. The report can either propose a general SDR allocation (or cancellation of previous allocations), or conclude that the conditions set out in the IMF’s Articles of Agreement for an allocation or cancellation of SDRs are not currently in place, including broad support among IMF members that participate in the SDR Department. Under the IMF’s Articles of Agreements, the Managing Director may also propose allocations of SDRs at the request of the Board of Governors or the Executive Board. In this regard, an allocation could be considered if there is a long-term global need for reserves that could be usefully filled at least in part by SDRs and if it would not lead to inflationary pressures, assuming there is broad support among IMF members participating in the SDR Department.

Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498335632
Total Pages : 23 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2009-08-28 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Allocation of Special Drawing Rights For The Eleventh Basic Period

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513585975
Total Pages : 10 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Allocation of Special Drawing Rights For The Eleventh Basic Period by : International Monetary Fund

Download or read book Allocation of Special Drawing Rights For The Eleventh Basic Period written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-07-12 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: On June 25, 2021, the Executive Board discussed a staff paper setting forth the considerations underlying the case for a general allocation of special drawing rights (SDRs) of an amount equivalent to US$650 billion (about SDR 456 billion) during the Eleventh Basic Period and the key features that could be included in the Managing Director’s proposal for this general allocation.

The Future of the SDR in Light of Changes in the International Monetary System

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557756046
Total Pages : 474 pages
Book Rating : 4.7/5 (56 download)

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Book Synopsis The Future of the SDR in Light of Changes in the International Monetary System by : Mr.James M. Boughton

Download or read book The Future of the SDR in Light of Changes in the International Monetary System written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 1996-09-26 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

IMF Financial Operations 2018

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484330870
Total Pages : 196 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF Financial Operations 2018 by : International Monetary Fund. Finance Dept.

Download or read book IMF Financial Operations 2018 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-04-18 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF Financial Operations 2018 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and provides background detail on the financial statements. It reviews the IMF's three main activities: lending, surveillance, and technical assistance.

Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151359334X
Total Pages : 45 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations by : International Monetary Fund

Download or read book Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-08-23 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Note provides guidance for staff on the treatment and use of allocations of Special Drawing Rights (SDRs). It presents a consistent framework for IMF country teams to assess the macroeconomic implications of the SDR allocation at the country level, covering the following areas: • Statistical and accounting treatment. • General macroeconomic implications and advice. • Debt sustainability analysis. • Transparency and accountability. • Reserve management. • Implications for Fund-supported programs.

2021 Special Drawing Rights Allocation—Ex-Post Assessment Report

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis 2021 Special Drawing Rights Allocation—Ex-Post Assessment Report by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book 2021 Special Drawing Rights Allocation—Ex-Post Assessment Report written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2023-08-29 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report follows up on the impact of the historic $650 billion 2021 SDR allocation on the global economy, documenting IMF members' use of the allocation and assessing its economic effects. The report finds that the allocation was beneficial for the global economy, helping meet the long-term global need for reserves and supporting market confidence. Members used the allocation mostly to increase international reserve buffers, with some emerging market and developing countries also using it to meet fiscal and external financing needs. While SDR interest costs have increased, members’ capacity to service SDR obligations remains generally adequate. Members’ use of the allocation was mostly in line with Fund advice, and the transparency and accountability of SDR holdings and use has been broadly appropriate, although some gaps remain. Voluntary SDR channeling from economically stronger to more vulnerable members has helped amplify the benefits of the allocation.

International Monetary Fund Annual Report 2021

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Publisher : International Monetary Fund
ISBN 13 : 1513568817
Total Pages : 74 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2021 by : International Monetary Fund. Secretary's Department

Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Historical Dictionary of the IMF

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475507240
Total Pages : 392 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Historical Dictionary of the IMF by : Norman K. Humphreys

Download or read book Historical Dictionary of the IMF written by Norman K. Humphreys and published by International Monetary Fund. This book was released on 2000-06-28 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Report of the Managing Director to the Board of Governors and to the Executive Board Pursuant to Article XVIII, Section 4©

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498345557
Total Pages : 24 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Report of the Managing Director to the Board of Governors and to the Executive Board Pursuant to Article XVIII, Section 4© by : International Monetary Fund. Finance Dept.

Download or read book Report of the Managing Director to the Board of Governors and to the Executive Board Pursuant to Article XVIII, Section 4© written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2016-06-29 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is submitted pursuant the provisions of the Articles of Agreement relating to a general allocation or cancellation of Special Drawing Rights (SDR). The Articles provide for periodic consideration and decisions on SDR allocations or cancellations in the context of consecutive basic periods of normally five years of duration (Article XVIII, Section 2(a)). The Tenth Basic Period for a general allocation or cancellation of SDRs began on January 1, 2012 and is scheduled to end on December 31, 2016. The Eleventh Basic Period will commence on January 1, 2017.

Current Legal Issues Affecting Central Banks, Volume V

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Publisher : International Monetary Fund
ISBN 13 : 9781557756954
Total Pages : 870 pages
Book Rating : 4.7/5 (569 download)

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Book Synopsis Current Legal Issues Affecting Central Banks, Volume V by : Mr.Robert C. Effros

Download or read book Current Legal Issues Affecting Central Banks, Volume V written by Mr.Robert C. Effros and published by International Monetary Fund. This book was released on 1998-05-20 with total page 870 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, edited by Robert C. Effros, focuses on how technology is affecting the world of banking and finance in an era of increasing globalization. The advent of electronic money, stored value cards, and internet transactions are discussed, as well as the impact of technology on cross-border banking and its implications for central banks. Other issues examined are the legal and regulatory frameworks for risk management of banks, sovereign debt, the international laws of bank secrecy, and financial services within the context of the GATT Agreement on Trade Services.

Annual Report of the Executive Directors for the Fiscal Year

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Author :
Publisher :
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Annual Report of the Executive Directors for the Fiscal Year by : International Monetary Fund

Download or read book Annual Report of the Executive Directors for the Fiscal Year written by International Monetary Fund and published by . This book was released on 1967 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Monetary Fund Annual Report 2002

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Publisher : International Monetary Fund
ISBN 13 : 9781589061620
Total Pages : 238 pages
Book Rating : 4.0/5 (616 download)

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Book Synopsis International Monetary Fund Annual Report 2002 by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2002 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-10-21 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2002 Annual Report describes world economic and financial developments in FY2002. During FY2002, the IMF faced important new challenges in an unusually unsettled world environment. After a period of strong expansion, the global economy experienced a widespread slowdown during the 2001 calendar year. By early 2002, however, thanks in large part to actions taken by key central banks to lower interest rates, there were encouraging signs that growth was recovering, although serious concerns remained in a number of countries.

Proposal To Establish A Resilience and Sustainability Trust

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 166 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Proposal To Establish A Resilience and Sustainability Trust by : International Monetary

Download or read book Proposal To Establish A Resilience and Sustainability Trust written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-18 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenges from the pandemic, spillovers from geopolitical shocks, and long-standing structural problems pose an enormous impediment for balance of payments stability and resilient and sustainable growth, especially for low-income and vulnerable middle-income countries. The $650 billion SDR allocation in August 2021 has helped support economic stability by supplementing members’ reserves. There is scope to amplify the effect of these SDRs by channeling them from countries with strong external positions to countries where the needs are the greatest.

European Yearbook of International Economic Law 2021

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Author :
Publisher : Springer Nature
ISBN 13 : 3031050835
Total Pages : 373 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis European Yearbook of International Economic Law 2021 by : Jelena Bäumler

Download or read book European Yearbook of International Economic Law 2021 written by Jelena Bäumler and published by Springer Nature. This book was released on 2022-07-06 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 12 of the EYIEL focuses on “The Future of Dispute Settlement in International Economic Law”. While new forms of dispute settlement are emerging, others are in deep crisis. The volume starts off with reflections on Dispute Settlement and the World Trade Organisation, most prominently the crisis of the Appellate Body, but also addressing international intellectual property law and the African Continental Free Trade Area. This is followed by a section on Dispute Settlement and Investment Protection/International Investment Law, which includes articles on the summary dismissal of claims, the margin of appreciation doctrine, the use of conciliation to settle sovereign debt disputes, and contract-based arbitration in light of Achmea and Hagia Sophia at ICSID. Further contributions consider the emerging role of commercial courts, the dejudicialization of international economic law, dispute settlement in the UK-EU Withdrawal Agreement, reference mechanisms in dispute resolution clauses, and UNCLOS.