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Blog Post
March 04, 2022
As the war in Ukraine shakes the moral conscience of the world, the question is what the global community can do to help those suffering within the country and outside. One proposal, laid out in POLITICO on Tuesday, is to use the $650 billion worth of Russia’s Central Bank assets that have been froz...
Blog Post
January 26, 2022
Consider the situation. Faced with growing fiscal stress, the government of an energy-exporting country decides to cut generous subsidies, doubling the price of fuel overnight. Protestors are out on the streets, clashing violently with security forces called in to maintain law and order. They vent t...
Blog Post
November 17, 2021
At the outset of the pandemic, CGD launched a website, g2p-network.org to facilitate a series of working groups exploring digital payments and COVID-19 and to highlight important findings in the vast and rapidly growing array of academic and policy work on G2P systems. Today, we’re launching a ...
Blog Post
November 08, 2021
In a study of 131 IMF programs, I found that IMF conditionality in general helped to shield education and health spending from budget cuts in the short term, particularly during budget negotiations, but it did not succeed in significantly raising spending in relation to GDP over time. In this light,...
Blog Post
October 07, 2021
In May, we examined the possibility of Southeast Asian countries working together to create a regional COVID-19 Vaccination Certification (CVC) system. How far have Southeast Asian countries come in their CVC efforts? What form can certificates take and how can their authenticity be verified, given ...
Blog Post
June 30, 2021
The COVID-19 pandemic has pushed 120 million people across the globe into extreme poverty, and the limited data available thus far suggests that the wealth of extremely rich individuals has risen at the same time. In this blog post, we provide new evidence that in addition to its human cost, te...
Blog Post
June 23, 2021
The COVID-19 pandemic has left a large dent in the government budgets of low-income countries (LIDCs). During 2020, they had no choice but to increase public spending to fight the pandemic at a time when shrinking economic activity depressed their revenues. In this blog post, we argue that whil...