Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 6 March 2023 to Question 153706, when he plans to re-channel the outstanding balance of Special Drawing Rights (SDR) 500 million under the SDR 4 billion; and which multilateral institution he plans to commit those SDR to.
The UK has committed to channelling 4bn Special Drawing Rights (SDRs) to countries most in need and has so far announced commitments of SDR 1bn to the IMF’s Poverty Reduction and Growth Trust and SDR 2.5bn to the IMF’s Resilience and Sustainability Trust. The Government will continue to carefully consider the best option for channelling our remaining SDR 500m.