The Trap of Pinning Hope on the IMF’s Special Drawing Rights (SDR) in Lebanon

Farah Al Shami, Senior Fellow and Social Protection
Program Director at the Arab Reform Initiative (ARI)

Civil Society Organizations and policy makers have been pinning hope on the International Monetary Fund (IMF)’s Special Drawing Rights (SDR) to relaunch their economies amid the COVID-19 pandemic. Special Drawing Rights can, in theory and in some contexts, be promising but, in practice and in the case of Lebanon, they entail more pitfalls than promises.

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