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The SDR Aid Link: It's Now or Never

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  • Graham Bird

Abstract

The international community, in the form of the United Nations and, more recently, the G20, has committed itself to the Millennium Development Goals. The global financial crisis of 2008/9 served to increase the economic problems faced by low-income countries, making it much less likely that the goals will be attained. At the same time, the decision has been made to reactivate the SDR scheme by making a new allocation of SDRs in order to create additional international liquidity. This article explores the idea of linking SDR creation with the provision of development assistance. Although the idea of a link is not original, contemporary global economic and political circumstances may generate an environment particularly conducive to the acceptance of the proposal. Copyright (c) The Author 2010. Journal compilation (c) 2010 Overseas Development Institute..

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  • Graham Bird, 2010. "The SDR Aid Link: It's Now or Never," Development Policy Review, Overseas Development Institute, vol. 28(1), pages 63-74, January.
  • Handle: RePEc:bla:devpol:v:28:y:2010:i:1:p:63-74
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    Cited by:

    1. David Hudson, 2010. "Financing for development and the post Keynesian case for a new global reserve currency," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(6), pages 772-787.

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