What transparency does Janet Yellen want for SDR trading and use?

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Janet Yellen seeks enhanced transparency in the trading and utilisation of Special Drawing Rights

US Treasury Secretary Janet Yellen has expressed conditional backing for a new issuance of the International Monetary Fund's (IMF) Special Drawing Rights (SDRs), contingent upon improved transparency. Specifically, she has called for greater clarity regarding the mechanisms by which SDRs are traded and how they are ultimately employed by member countries.
Greater clarity on SDR trading is a prerequisite for US support

The United States, through Treasury Secretary Yellen, has indicated that its approval for a new allocation of SDRs is linked to a commitment from the IMF to provide more insight into the trading of these reserve assets. While the IMF has stated it will propose ways to enhance transparency and accountability in the allocation and trading of SDRs, specific details of these proposed measures have not yet been disclosed.
Concerns over SDR utilisation remain a key point

Beyond the trading aspect, Yellen's call for transparency also extends to the actual use of SDRs by member nations. This suggests a desire to understand how these supplementary foreign exchange reserve assets are being deployed by countries, particularly in light of their potential to finance essential expenditures such as vaccine procurement and equipment acquisition.
The IMF acknowledges and plans to address transparency demands

In response to demands for greater openness, the IMF has acknowledged the need to improve the transparency and accountability surrounding the use of SDRs. Geoffrey Okamoto, the first deputy managing director of the IMF, stated that the fund will indeed propose methods to achieve this, aiming to ensure that countries derive maximum benefit from any new SDR allocations.

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What transparency does Janet Yellen want for SDR trading and use?

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