KIPPRA Policy Analysts Mr Daniel Omanyo and Ms Hellen Chemnyongoi participated in a stakeholder engagement workshop on Special Drawing Rights (SDR) on 27th July 2023. The workshop focused on a study aimed at providing evidence on rechanelling SDRs to developing countries and contributing to the debate on global financial architecture reforms. The workshop was organized by Africa Economic Research Consortium (AERC).
SDRs are an international reserve asset created and maintained by the International Monetary Fund (IMF). They were established in 1969 to supplement member countries’ official reserves and facilitate international monetary transactions. The primary purpose of SDRs is to provide liquidity to the global monetary system and promote stability in the exchange rate system.