Last week, the central bank of Chile became the 9th member of the Latin American Reserve Fund (known by its Spanish acronym, FLAR), Latin America’s regional lender of last resort. This is great news for the pursuit of financial and economic stability in the region. Here is why.

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...

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 ...

Dr. Joseph Atick, Executive Chairman of ID4Africa, and Alan Gelb, CGD Senior Fellow, join Gyude to discuss the evolution of ID systems across Africa, the benefits and risks of digital ID systems, and what African governments can learn from countries like India about what works and what doesn’t.

As the COVID-19 pandemic started to exact a toll on lives and livelihoods in early 2020, countries imposed strict lockdowns to stem the spread of infections, disrupting economies and societies across the world. With pandemic-induced constraints on in-person interactions, many countries adopted a “di...

As economies start opening up, the COVID Vaccine Certificate is increasingly becoming a ticket to return to normality, lifting restrictions on work, travel and leisure. Because of the formidable constraints, any US path to a CVC should start with a light touch.