Adapting IMF/SDR's to a global trade purpose, would be a nightmare, it seems to me.
I think it would be more straightforward to start with a global guarantee agreement relating to existing trade and develop organically from there.
After all government guarantees seem to be in vogue... ;-) "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
It wouldn't need a loan to the World Bank though, merely a World bank as "Custodian" and a guarantee from the IMF.
Not much else needs to be done... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
