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Tracking Recycled SDRs: More on the Hunt for Bigfoot

When the G20 pledges of $100 billion of SDR recycling materialize, there will no doubt be much self-congratulatory celebration. But the celebrations will be meaningless if the SDRs do not make their way to the low- and middle-income countries (LMICs) that need them. Will we be able to tell if the SDRs are hitting their mark? At this stage it seems most of the recycled SDRs will flow through the IMF’s Poverty Reduction and Growth Trust (PRGT) or Resiliency and Sustainability Trust (RST). As we have noted elsewhere, tracking SDRs is akin to tracking Bigfoot you can see the prints but rarely see the animal. In this note we explain the extent to which we can track recycled SDRs from donors through the IMF and then to LMICs. ....

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