IMF / Special Drawing Rights, Afghanistan, Ukraine




16 Sep 2021


WASHINGTON DC, United States



IMF / Special Drawing Rights, Afghanistan, Ukraine
1. Wide shot, IMF building exterior
Sept 16, 2021, WASHINGTON DC
3. SOUNDBITE (English) Gerry Rice, Director of Communications Department, IMF
“This was our largest the IMF's largest SDR allocation in our history, 650 billion dollars. And it's effective. The SDR allocation was made on August 23. As I said, it's an important boost to all our member countries at this time when we're struggling with probably the biggest crisis of all of our lifetimes. And we think it can be a great help in that effort. like to see as much as possible of the allocation going to the most vulnerable countries. So, we call this the channeling of SDRs. So, the SDRs have been allocated and now we are pushing for we're advocating that the wealthier countries who may have excess SDRs, that they would allocate those SDRs or some of them to the more vulnerable countries. So Kristalina Georgieva has been very public about that and about pushing for that,”
4. Wide shot, IMF logo on building
5. SOUNDBITE (English) Gerry Rice, Director of Communications Department, IMF
“Our engagement with Afghanistan has been suspended until there is clarity within the international community on the recognition of the government. We're guided by the international community in terms of the recognition of the government in Afghanistan, and we don't have that. So, the IMF program there, which you asked about, has been put on hold. And again, as we said last month, the country cannot access IMF resources, SDRs and so on at this point. But again, I want to say that we stand ready to work with the international community to advocate for urgent actions to stall a looming humanitarian crisis,”
6. Wide shot, IMF building
7. SOUNDBITE (English) Gerry Rice, Director of Communications Department, IMF
“A virtual review mission is planned for Ukraine to take place later this month. The specific dates will be announced, as usual, closer to the start of the mission. But later this month, the month of September. And, you know, just in terms of the status where we are with Ukraine, we did say earlier in the summer that we will be working with the authorities on remaining issues where agreements needed for us to be able to complete the review of the ongoing program with Ukraine. And again, there's going to be a mission where these things will be discussed. But we've been focusing, as I've said here before, on issues related to strengthening the governance and autonomy of the National Bank of Ukraine, judicial reform, restoring and strengthening the anti-corruption framework, and as well as, you know, the fiscal position, ensuring a sustainable fiscal position and so on and so on,”
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  • Brian Walker
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