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7 April 2021 By Kevin Gallagher and Jose Antonio Ocampo

As advanced economies emerge from the pandemic downturn more quickly than poorer ones, Kevin Gallagher and Jose Antonio Ocampo call for a new allocation of Special Drawing Rights and suggest ways that this IMF quasi-currency can be channelled to the countries in direst need.

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Jose Antonio Ocampo is a professor at Columbia University and former finance minister and member of the central bank board of his native Colombia, and former United Nations Under-Secretary General for Economic and Social Affairs.

Kevin P. Gallagher is a professor at Boston University’s Pardee School of Global Studies where he directs the Global Development Policy Center and is co-chair of the Think20 Task Force on International Finance at the G20, Italy. Ocampo and Gallagher both serve on the United Nation’s Committee for Development Policy.

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