The World Bank, along with the other multilateral development banks (MDBs), was set up to provide long-term financing for development projects – including in the basic infrastructure needed for ...

SDR-denominated bonds have the potential to significantly strengthen the balance sheet of both the IBRD (The World Bank) and IDA, freeing up cash and helping both institutions deliver on their mandate ...

WASHINGTON (Reuters) - The International Monetary Fund is discussing ways to broaden the currency basket that makes up its Special Drawing Rights unit of account, part of broader efforts to modernize ...

The IMF publishes illustrative currency amounts in the lead up to the transition date to assist SDR users in preparing for the changeover to the new SDR valuation basket. The table below shows ...

A report in the Moscow Times that the Kremlin was poised to ask the G20 meeting in London on April 2 to consider creating a supranational reserve currency was met with widespread mirth in the FX ...

(1) The value of the U.S. dollar in terms of the SDR is the recip rocal of the sum of the dollar values, based on market exchange rates, of specified quant ities of the first four currencies shown.