Oct

21

2024

21

Oct

2024

Oxfam Washington DC Office

Creating a Fit-for-Crisis Global Financial Safety Net: The Role of SDRs'

Oxfam Washington DC Office

1101 17th St NW #1300, Washington, DC 20036

Oct 21, 2024

4:00 PM - 5:15 PM (GMT-5)

Register Here

The recent UN Pact for the Future highlighted the role that Special Drawing Rights could play – alongside other reforms to the international financial architecture – in creating a global financial safety net that meets the challenges of the current moment. A heads of state declaration by the Climate Vulnerable Forum (CVF) in September, meanwhile, called for a new $650 billion allocation of SDRs, and for the IMF to explore future SDR allocations that are regular and needs-based, building on calls for a new $650 billion SDR allocation in the recently-launched Bridgetown Initiative 3.0.

This panel will discuss the way forward on this critical issue on the side-lines of the 2024 World Bank and IMF Annual Meetings.

Confirmed panellists include:
  • Andrés Arauz, Senior Research Fellow, Center for Economic Policy and Research
  • Dr Pep Bardouille, Director, Bridgetown Initiative, Government of Barbados
  • Daouda Sembene, CEO, AfriCatalyst; former executive director for Sub-Saharan African constituency at the IMF
Moderator: Niranjali Amerasinghe, Executive Director, ActionAid USA
 
Endorsing organizations: Bretton Woods Project, ActionAid USA, Action Corps, Partners in Health, Latindadd, Eurodad, MENA Fem Movement, Oxfam, CEPR.

 

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