The overdraft facility could again be financed with counter cyclical issues of SDRs.

The independence of the central bank and the no overdraft rule for budget financing will almost certainly prove too restrictive to carry out critical peace supporting activities in Afghanistan.

Due to technology, the individual demand on the planet has already dropped 35 over the past half century, and the collective requirement will reach its upper limit before 2020 way below any overdraft.

The result is that overdraft credits to the Greek central bank have grown by nearly 1 billion a day in recent months. If Greece defaults and leaves the eurozone, these overdrafts will not be repaid.

A better alternative would be to go back to John Maynard Keynes s proposal of an overdraft (or, in IMF terminology, drawing) facility for all member countries, with countries that continue to use it eventually having to apply to a formal lending program.