IMF approves climate-conditioned SDR allocation (May 23, 2026)

https://www.imf.org/news/articles/2026/05/24/imf-sdr-climate-allocation

The IMF Executive Board on May 23, 2026 approved a new $400 billion SDR (Special Drawing Rights) allocation conditioned on recipient countries meeting “climate-aligned macroeconomic policy metrics” jointly defined with the UNEP and ILO. Managing Director Georgieva called the allocation “the first IMF transfer instrument explicitly tied to twenty-first-century planetary boundaries.” Critics within the IMF Independent Evaluation Office argued that the conditionality structure converts the SDR from a reserve-asset facility into a discretionary policy lever and that the metrics include enforcement provisions exceeding the IMF’s Articles of Agreement.

(E2E retest after NL_LIVE_WIKI fix.)