Policy Papers

Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations

August 23, 2021

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Format: Chicago

International Monetary Fund. "Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations", Policy Papers 2021, 059 (2021), accessed 12/5/2025, https://doi.org/10.5089/9781513593340.007

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Summary

This Note provides guidance for staff on the treatment and use of allocations of Special Drawing Rights (SDRs). It presents a consistent framework for IMF country teams to assess the macroeconomic implications of the SDR allocation at the country level, covering the following areas: • Statistical and accounting treatment. • General macroeconomic implications and advice. • Debt sustainability analysis. • Transparency and accountability. • Reserve management. • Implications for Fund-supported programs.

Subject: Debt sustainability, Debt sustainability analysis, Economic and financial statistics, External debt, External sector statistics, Monetary policy, Political economy, Public debt

Keywords: allocated SDR, allocations of special drawing rights, Debt sustainability, Debt sustainability analysis, External sector statistics, Global, SDR liability, SDR position, SDR resource, transparency policy