{"id":130421,"date":"2024-05-16T09:10:20","date_gmt":"2024-05-16T06:10:20","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/imf-approves-use-of-reserve-assets-for-hybrid-financial-instruments\/"},"modified":"2024-05-16T09:10:20","modified_gmt":"2024-05-16T06:10:20","slug":"imf-approves-use-of-reserve-assets-for-hybrid-financial-instruments","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/imf-approves-use-of-reserve-assets-for-hybrid-financial-instruments\/","title":{"rendered":"IMF approves use of reserve assets for \u2018hybrid\u2019 financial instruments"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/130421\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nThe IMF said Wednesday that its board had voted to allow member states\u2019 IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets further. The International Monetary Fund said in a statement that the move would allow member states to let their Special Drawing Rights (SDRs) \u2014 international reserve assets created by the Fund \u2014 be used by MDBs to obtain so-called \u201chybrid capital\u201d instruments.<\/p>\n<p>These novel financial instruments combine both debt and equity in a way that would allow MDBs to stretch the amount they can lend for development projects. The board\u2019s decision, which it said was not unanimous, adds another use for SDRs, which can already be used by the IMF\u2019s 190 members to do things like settling obligations and loans.<\/p>\n<p>The African Development Bank (AfDB) and the Inter-American Development Bank (IDB) welcomed the IMF\u2019s decision, which they said could leverage existing SDRs up to four times their current level, helping address global challenges like climate and food security. \u201cThe international community now has at its disposal an innovative approach through which development financing can be mobilized with a multiplier effect and at no cost to taxpayers,\u201d African Development Bank President Akinwumi Adesina said.<\/p>\n<p>The IMF said the new use of SDRs was subject to a cumulative cap of 15 billion SDRs (roughly $19.9 billion). If that money is leveraged four times, as the IDB and the AfDB suggest, it could unlock close to $80 billion in additional lending capacity. The IMF said the SDR cap of 15 billion \u201caims to mitigate potential liquidity risks in the SDR market.\u201d It added that it would conduct a review of the new use of SDRs once cumulative hybrid capital contributions surpass SDR 10 billion (roughly $13.2 billion), or in two years\u2019 time, \u201cwhichever comes first.\u201d<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.digitaljournal.com\/world\/imf-approves-use-of-reserve-assets-for-hybrid-financial-instruments\/article\">DJ<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/imf-approves-use-of-reserve-assets-for-hybrid-financial-instruments\/\">IMF approves use of reserve assets for \u2018hybrid\u2019 financial instruments<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[1778,14550,606,607,608],"class_list":["post-130421","post","type-post","status-publish","format-standard","hentry","category-news","tag-imf","tag-reserve-asset","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/130421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=130421"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/130421\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=130421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=130421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=130421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}