Measured against upcoming cross-border debt repayments, the additional SDR allocations could provide meaningful support for Zambia, Suriname, Tajikistan, Pakistan and Namibia.
A new $650 billion allocation of the IMF’s quasi currency known as Special Drawing Rights (SDRs) will provide over $20 billion of funding, while an extended repayment holiday on loans from rich G20 nations will temporarily save another $7 billion.