The SDR is the IMF’s unit of account. IMF voting shares and loans are all denominated in SDRs. The SDR serves as the unit of account for a number of other international organizations, including the World Bank. The SDR is also used as an international reserve asset, to supplement members’ existing reserve assets (official holdings of gold, foreign exchange, and reserve positions in the IMF).
New BWP briefing offers critical gender analysis of World Bank lending instrument to borrowing countries.
At 75, the World Bank and IMF face a crisis of multilateralism in no small part of their own making as failed economic policies have resulted in skepticism of the international order they helped to create.
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