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International Monetary System

Question for Treasury

UIN 76595, tabled on 17 November 2021

To ask the Chancellor of the Exchequer, what assessment he has made of the appropriate fraction of Special Drawing Rights received this year to re-channel into support for poorer countries.

Answered on

24 November 2021

A general allocation of Special Drawing Rights (SDR) equivalent to about $650bn became effective in August. The Chancellor has committed to channelling up to SDR 4bn to support vulnerable countries, representing circa 20% of the UK’s allocation, starting with an additional loan of SDR 1bn to the IMF’s Poverty Reduction and Growth Trust which provides zero interest loans to low-income countries.

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