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<p>The IMF Special Drawing Right (SDR) is an international reserve asset designed
to supplement the official reserves of IMF member countries. SDRs are allocated to
members, including the UK, in proportion to their IMF quota shares. HMG therefore
holds SDRs as part of the UK’s international reserves.</p><p>The UK has previously
used its SDRs to lend to the IMF’s concessional financing facility, the Poverty Reduction
and Growth Trust (PRGT). The UK also strongly supports work on a new SDR allocation
to provide additional financing to low-income countries. As this year’s G7 Chair,
the UK will continue to work closely with the IMF and international partners on options
for the further voluntary channelling of SDRs.</p>
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