Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Foreign, Commonwealth and Development Affairs on the potential merits of disbursing the up to £4 billion in Special Drawing Rights announced at the IMF’s annual meeting to entities other than the IMF.

At their October meeting, G20 Finance Ministers and Central Bank Governors welcomed progress made by the IMF to provide options for members with strong external positions to channel a share of their allocated Special Drawing Rights (SDR), including considering viable options to voluntarily channel SDR to Multilateral Development Banks (MDBs).

The IMF and MDB partners are developing channelling options, and the UK will consider these for support.