Gallagher Co-Authors Op-Ed on IMF Special Drawing Rights
Kevin Gallagher, Professor of Global Development Policy and Director of the Global Development Policy Center (GDP Center) at the Frederick S. Pardee School of Global Studies at Boston University, published an op-ed in Reuters on how countries can make the most of a new allocation of the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) & channel them to countries most in need.
The op-ed, titled “Making the most of a new SDR ration,” was co-authored by Jose Antonio Ocampo, professor at Columbia University, former finance minister and member of the central bank board of Colombia, and former United Nations Under-Secretary General for Economic and Social Affairs.
In the article, Gallagher and Ocampo argue for creating new allocations of SDR’s since advanced economies are currently slated to receive much of the IMF’s new allotment. The two suggest a number of ways that SDR’s could be allocated, which would enable developing countries to mount green and inclusive economic recoveries.
The full op-ed can be read on Reuters‘ website.
Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is author or co-author of six books, including most recently, The China Triangle: Latin America’s China Boom and the Fate of the Washington Consensus. Read more about Professor Gallagher on his Pardee School faculty profile.