Policy Papers

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

Publication Date:

August 23, 2021

Electronic Access:

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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.

Series:

Policy Paper No. 2021/059

Subject:

Debt sustainability Debt sustainability analysis Economic and financial statistics External debt External sector statistics Monetary policy Political economy Public debt

Frequency:

occasional