The IMF’s new Resilience and Sustainability Trust (RST) has gotten a lot of support from donors wanting to recycle their IMF special drawing rights (SDRs). As of June 8, total pledges for the RST amount to $40.6 billion, falling $3 billion short of the initial fundraising target. With few recycling alternatives readily available to donors, the IMF raised its ambition for the RST during the recent Paris Summit, with the Managing Director calling for a 50 percent increase in RST funding—an additional $20 billion. [….]