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Research Paper | Economics and Finance | Volume 15 Issue 4, April 2026 | Pages: 1414 - 1418 | India
Special Drawing Rights and BRICS: Challenge & Opportunities
Abstract: This paper examines Special Drawing Rights (SDRs) as a means of bringing global markets under control during uncertain economic times, with a focus on the US$650 billion SDR allotment to IMF member countries in 2021. As an international reserve asset that increases global liquidity and acts as an insurance policy for both developed and emerging countries, the analysis demonstrates the function of SDR. The advantages have been distributed unevenly across the nations, despite the fact that the allocation has contributed to debt sustainability, bolstered trust in global financial systems, and offered an insurance mechanism for unforeseen events. Using IMF reports, World Bank projections, and UNCTAD trade data that briefed leaders at the complete, this paper represents how the case for SDRs already rested on these sources. It portrays SDRs as essential to (a) strengthening countries' resilience, (b) releasing them from reliance on unstable and fragile capital flows, and (c) enabling them to invest in sustainable climate development pathways. The conclusion of the research is that new rechannelling methods and the use of multilateral coordination in the exchange of SDRs are essential for inclusive growth and global financial stability.
Keywords: BRICS Economies, International Monetary Fund (IMF), Global Financial Stability, International Reserves, Debt Sustainability, Liquidity Support, Sustainable Development, Special Drawing Rights (SDRs)
How to Cite?: Monika, Dr. Sangeeta, "Special Drawing Rights and BRICS: Challenge & Opportunities", Volume 15 Issue 4, April 2026, International Journal of Science and Research (IJSR), Pages: 1414-1418, https://www.ijsr.net/getabstract.php?paperid=SR26422135535, DOI: https://dx.dx.doi.org/10.21275/SR26422135535