Special Drawing Rights by the Treasury Department

Today we face a crisis like never before, and we have the power to help.

COVID, climate disruption, rising food and energy prices, and war have created a “megacrisis.” At home we feel the pain of rising temperatures, gas and grocery prices. Low income countries have it even worse with millions more people pushed into hunger and poverty.

It doesn’t have to be this way. With the stroke of a pen, President Biden can trigger a simple, rapid, and cost-free solution: a new issuance of at least $650 billion in Special Drawing Rights (SDRs) at the International Monetary Fund (IMF). This little-known option gives immediate help to recover from shock and meet human needs. No strings attached, no added debt burden, and zero costs to taxpayers.

That is why on August 18, the eve of World Humanitarian Day, people from across the US are calling on President Biden to issue SDRs. Click here to register for this free event. 

In this moment we may change the course of history by coming together from all walks and backgrounds and taking immediate action, sending messages to President Biden and Congress.

We know we can do it. One year ago our coalition of health, faith, farm, labor, and humanitarian groups won the historic release of SDRs to help countries fight the COVID-19 pandemic. Since then over 90 countries have used their allocation of SDRs to stabilize and meet human needs. So we know it works. And that’s why world leaders are calling for this second allocation, leaders like Senator Elizabeth Warren, Prime Minister of Barbados Mia Mottley, and President Volodymyr Zelensky of Ukraine.

On this national day of action, be the solution the world is waiting for.

In this one hour, free event, we will bring together many voices and backgrounds, we will hear from issue experts, and most importantly we will take immediate advocacy action so that President Biden hears that this issue matters to us. Together we can help countries meet their public health needs and fight rising hunger and poverty. At home we can help sustain US exports and create US jobs because what’s good for the world is good for America.

Join us on Thursday, August 18 at 8pm est.

Register here:


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