IDB and AfDB Welcome IMF Executive Board’s Decision Approving Use of SDRs for Hybrid Capital Instruments May 15, 2024

https://www.iadb.org/en/news/idb-and-afdb-welcome-imf-executive-boards-decision-approving-use-sdrs-hybrid-capital?utm_campaign=PANTHEON_STRIPPED&utm_medium=PANTHEON_STRIPPED&utm_source=PANTHEON_STRIPPED&utm_term=PANTHEON_STRIPPED IMF approval allows countries to channel Special Drawing Rights (SDRs) through multilateral development banks. IDB-AfDB financial instrument could leverage SDRs by up to four times their value in the form of loans to finance social and climate projects.