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Blog Post
September 14, 2023
The Poverty Reduction and Growth Trust (PRGT), the IMF’s primary vehicle to support low-income countries (LICs), faces a severe financial crunch. There are many ways in which this hole could be plugged to restore the PRGT, but as explained in a new CGD note, there are obstacles or drawbacks to each ...
Blog Post
August 30, 2023
Developing Asia as a region has experienced rapid growth over the past three decades. What have these episodes of sustained growth meant for income inequality? Has the region had “inclusive growth,” meaning growth which saw incomes rise without inequality increasing, or has inequality gotten worse? ...
Blog Post
August 23, 2023
Nearly two years have passed since the G20 committed to recycling $100 billion of Special Drawing Rights (SDRs) from advanced economies to support more vulnerable countries. The most recent allocation of SDRs, the international reserve asset issued by the International Monetary Fund (IMF), was inten...
Blog Post
August 22, 2023
In an earlier paper (and blog) published in March, we assessed the initial five programs supported by the IMF’s the Resilience and Sustainability Trust (RST), a new financing vehicle designed to help countries address climate change and pandemic preparedness. Among our findings, four stood out. Firs...
Blog Post
August 02, 2023
The future of such spending in countries currently experiencing or at high risk of debt distress is particularly troubling. A country is in debt distress when its ability to service domestic and external debt is impaired. This blog post delves into these issues based on more recent health spending a...
Blog Post
July 25, 2023
As the RST builds momentum and scores of countries seek its concessional loans and technical assistance, a new CGD paper, The Resilience and Sustainability Trust: Early Learning and Challenges from Costa Rica and Rwanda, provide early learning from the point of view of lower-income countries themsel...
Blog Post
July 06, 2023
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 ...