Data from the International Monetary Fund (IMF) shows that the share of Arab member countries in the institution is about 5.72%, which means their total allocation from this share is estimated to be around $32.2 billion in the form of Special Drawing Rights (SDRs), amounting to 22.7 billion SDRs, according to calculations by "Al Arabiya.net".
Yesterday, for the fourth time in its history, the IMF began distributing SDRs to its members, totaling $650 billion, equivalent to 456 billion SDRs, which is the largest distribution historically, among its 190 member countries. This allocation of SDRs was approved earlier this month.
The general allocation of SDRs is distributed among member countries based on their percentage of membership shares in the Fund.
### Arab Countries' Share in the IMF
Saudi Arabia is the largest Arab country receiving SDRs, amounting to 9,577.5 million SDRs, with a voting share of 2.1%. The UAE follows in second place with 2,125.2 million SDRs and a voting share of 0.49%, while Egypt ranks third with 1,952.5 million SDRs and a voting share of 0.43%.
Algeria comes in fourth with 1,853.2 million SDRs, holding a voting share of 0.41%, followed by Kuwait with 1,853.2 million SDRs and the same voting share of 0.41%.
Special Drawing Rights are an international reserve asset created by the Fund in 1969 to supplement the other reserve assets of member countries. The value of the SDR is based on a basket of international currencies including the US dollar, Japanese yen, euro, British pound, and Chinese yuan. The SDR is not a currency nor a claim on the Fund but represents a potential claim on the freely usable currencies of member countries.
Allocations of SDRs are only distributed to member countries that choose to participate in the management of SDRs, and currently, all Fund members are participating in it.
