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With the third international Financing for Development conference taking place only a week from now in Addis Ababa, I sit down with Charles Kenny to take stock of this marquee event. We discuss its importance and what one might reasonably hope is achieved there.
CGD blog posts reflect the views of the authors, drawing on prior research and experience in their areas of expertise. CGD is a nonpartisan, independent organization and does not take institutional positions.
The world is in the throes of a health, economic, and social crisis due to the COVID-19 pandemic. Slower global growth has significantly worsened the economic prospects for all countries, including the poorest ones. Low-income countries (LICs) are also finding it more difficult to service their external debt as well as to access private capital—concessional and non-concessional