Abstract
Special Drawing Rights (SDRs) have existed for almost 10 years. This paper examines the implications of the SDR facility for LDCs. First, it is shown that the distribution formula for SDRs may be inappropriate. Second, the paper documents the way in which LDCs have used their allocated SDRs. Third, an attempt is made to estimate approximately the value of the benefits derived by LDCs from the SDR scheme. It is shown that the scheme could have been modified to yield further benefits for LDCs.
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