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

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.
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Volume/Issue: Volume 2021 Issue 059
Publication date: August 2021
ISBN: 9781513593340
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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , Political Economy , allocated SDR , SDR resource , allocations of special drawing rights , transparency policy , SDR position , SDR liability , Debt sustainability analysis , Debt sustainability , External sector statistics , Global

Summary

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.