Finance Ministry weighs options for P3bn IMF windfall

Botswana, along with other IMF member states, received an additional allocation of Special Drawing Rights (SDR) reserves from the IMF on August 23, which the country can access to boost its budget, rebuild reserves or spend fighting COVID-19.

SDRs are an international reserve asset created by the IMF to supplement the official reserves of its member countries. Each country has a share of the SDRs and earlier this month, the IMF board made fresh allocations to boost liquidity among all countries, as a way of fighting the pandemic’s impact on economies.