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What is Direct SDR Allocation to MDBs for Climate Aid about?

The document discusses the need for multilateral development banks (MDBs) to receive direct allocations of Special Drawing Rights (SDRs) to enhance their lending capacity for climate-related projects in low- and middle-income countries. It highlights the current inefficiencies in the SDR recycling system and the hesitance of high-income countries to commit their reserves for fiscal purposes. The authors propose that direct SDR allocations to MDBs could significantly increase their capital and ability to mob

Author

Elwardi Marwane

Language

EN