As part of the crisis recovery, the International Monetary Fund (IMF) will allocate SDR to strengthen global liquidity in 2009. This policy will buttress the foreign reserves of member countries, including Indonesia.
“Essentially, the SDR allocation does not constitute an IMF loan similar to that previously received by the Government of Indonesia during the 1997–1998 Crisis. The allocation has been made available to all IMF member countries and merely represents one global effort to overcome the crisis through the provision of liquidity,” explained Deputy Governor, Hartadi A. Sarwono.

A general SDR will be allocated to member countries simultaneously on 28th August 2009, while a special allocation will take effect on 9th September 2009. The provision will correspond to the respective quota of each member country. Typically, this additional allocation boosts each member country’s SDR by 74% of their quota.
“In the case of Indonesia, the increase in SDR allocation will not incur any additional net charges, with the exception of a comparatively small administrative fee (0.01% p.a.). This is because Indonesia will also receive interest income at the same rate as the SDR. Furthermore, the SDR allocation will act as a reserve buffer for external liquidity and increase Indonesia’s foreign reserves by SDR1.74 billion or USD2.70 billion, consisting of SDR1.54 billion from the general allocation and SDR200.1 million form the special allocation,” added Hartadi.
The SDR is an international reserve asset created in 1969 by the IMF to supplement its member countries’ official reserves. The SDR is without conditionalities and depends on the respective requirement of member countries through the exchange mechanism with other IMF member countries.
Globally, there are two kinds of SDR to be allocated this year by the IMF to its 186 member countries, including Indonesia. First is a general allocation amounting to SDR161.19 billion or USD250 billion, which represents IMF support in order to overcome the crisis that has disrupted global liquidity. Second is a special allocation that totals some SDR21.5 billion or USD33.0 billion, which is the implementation of a previous agreement made in 1997.

Source : Bank Indonesia