by AFRODAD
![Building Forward Together Fairer Using SDRs](https://i0.wp.com/afrodad.org/wp-content/uploads/2022/11/Picture1-2.png?fit=480%2C281&ssl=1)
Liquidity is vital for spurring growth and development for developing countries especially during crises for instance the unprecedented economic and health crises from the COVID-19 pandemic. The IMF, allocates Special Drawing Rights (SDRs), an international asset reserve that can be used to pay the IMF, exchanged with hard currency or be donated among member states. They can therefore be used by governments to stabilize their currencies, bolster their reserves or for social protection purposes which are overly important during crises.