2024-10-13-IMF-特别提款权交易操作年度更新（英）_15页_644kb

报告摘要

This policy paper updates SDR trading operations from Sept 2023 to Aug 2024.

Market Trends:
- Sales: Total SDR 13.5B sold (down by 24% vs prior period). Dominated by sales, with significant declines from participants except borrowing members. Low-income countries accounted for 29% of sales volume.
- Acquisitions: Transactions increased due to member obligations (high interest rate) and Ukraine-related contributions. Total SDR 6.9B acquired.
Voluntary Trading Arrangements (VTAs):
- 41 VTAs active globally, supporting large aggregate capacities (approx SDR 202B for purchases, 172B for sales).
- Trading mechanisms prioritize equitable distribution, balancing participant holdings and regional needs.
Key Developments:
- New SDR use approved: Acquisition of hybrid capital instruments.
- Post-allocation (2021), contributions stabilized at about SDR 5B annually for Trust investments.
- High SDR interest rates drive member purchases to meet charges, increasing demand.
Transparency & Data:
- Public access to SDR holdings and trading volumes via quarterly financial reports and dedicated IMFSDR pages.