## IMF Financial Operations: Special Drawing Rights

## Source details

**Canonical URL:** [IMF Financial Operations: Special Drawing Rights](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2024/sdrxol24-08)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2024/sdrxol24-08/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2024/sdrxol24-08/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2024/sdrxol24-08/bundle-manifest.json)

## Bibliographic details
- Session: OL 24.08
- Location: Course conducted online
- Dates: July 8, 2024 - August 16, 2024 (6 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Deadline passed

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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.

### Qualifications and access requirements
- Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential.

### Course description — substantive coverage
- Provides a common framework for learners to understand the Special Drawing Right (SDR).
- Begins with background on why the SDR was created and its role in the global economy and in the IMF's financial operations.
- Explains key characteristics of the SDR and how it is valued, including:
  - Selection criteria for the currencies in the SDR basket.
  - Methodology behind calculating the SDR interest rate (SDRi).
- Delves into uses of SDRs, covering:
  - How SDRs can be used in financial transactions between countries.
  - How the SDR market functions.
- Uses real-world case studies showcasing how different countries utilized their SDR allocations in 2021 to demonstrate the SDR's impact across various economies and to make theoretical knowledge applicable in practice.

### 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.

---


## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2024/sdrxol24-08_