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IMF Financial Operations: Special Drawing Rights (SDRX)

Apply online by August 5, 2024 Deadline extended

Session No.: OL 24.08

Location: Course conducted online

Date: July 8, 2024 - August 16, 2024 (6 weeks)

Delivery Method: Online Training

Primary Language: English

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    Target Audience

    Country authorities, policy makers, Fund-watchers, and members of the public who are keen to learn more about the SDR, understand its role in the global economy and how the SDR system functions. 

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    Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential. 

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    Course Description

    This course, presented by the IMF Finance Department provides a common framework for learners to understand the Special Drawing Right (SDR). The course begins with a background on why the SDR was created and then explains its role in the global economy and in the IMF's financial operations. It will then discuss the key characteristics of the SDR and how it is valued, covering the selection criteria for the currencies in the SDR basket and the methodology behind calculating the SDR's interest rate (SDRi). The course delves into the uses of SDRs, describes how they can be used in financial transactions between countries and how the SDR market functions. Through real-world case studies showcasing how different countries utilized their SDR allocations in 2021, participants will see the SDR's impact across various economies, making the theoretical knowledge gained from the course more tangible and applicable to practice.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Explain what SDRs are, why they were created, and their uses.
    • Describe the composition of the SDR basket and its valuation.
    • Discuss how member country SDR allocations and holdings are determined. 
    • Explain the role of the SDR interest rate (SDRi) and how it is computed.
    • Describe the various ways in which SDRs are used or could be used in transactions and operations.
    • Relate the benefits of SDRs using real-life case studies.
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