The International Monetary Fund's largest-ever distribution of monetary reserves will offer more liquidity for the global economy, supporting member countries' foreign exchange reserves and decreasing their reliance on costly domestic or external debt, according to Georgieva. She believes that this allocation is a significant boost for the world and, if used wisely, a chance to combat the current crisis effectively. The IMF stated that countries can use the SDR allocation to strengthen their economies and increase their efforts against the pandemic, but they should not use the fiscal space to postpone necessary economic changes or debt restructuring. IMF member countries will receive SDRs in line with their current quota shareholdings in the fund, which are backed by dollars, euros, yen, sterling, and yuan. Georgieva mentioned that approximately $275 billion of the allocation will be given to emerging market and developing countries, with around $21 billion going to low-income countries. Georgieva stated that the IMF is urging wealthy countries receiving SDRs to transfer them to poorer countries in need. One suggestion is for richer countries to contribute SDRs to the IMF's Poverty Reduction and Growth Trust for low-income nations. The IMF is also exploring the creation of a Resilience and Sustainability Trust to utilize SDRs for vulnerable countries facing climate change and structural challenges. Additionally, there is a possibility of directing SDRs towards supporting lending by multilateral development banks. The last SDR distribution by the IMF occurred in 2009 during the global financial crisis, providing member countries with $250 billion in SDR reserves. In order for countries to use their Special Drawing Rights (SDRs), they would need to trade them for actual hard currencies by finding another country willing to make the exchange.