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Blog Post
April 18, 2022
As developing countries recover from the pandemic, they will need to bring their public finances to a more sustainable position by streamlining public spending and strengthening the revenue base. The need to mobilize additional resources has been exacerbated by the recent economic turmoil triggered ...
Blog Post
March 14, 2022
When sudden shocks like the COVID-19 pandemic cripple an economy’s ability to rapidly raise revenue and reallocate limited resources, multilateral development banks (MDBs) can lead the crisis response. MDBs provide a range of instruments that support countries in different ways and at different peri...
Blog Post
November 12, 2021
Obviously, an ethical vaccine distribution would start with a far more equitable sharing of vaccines between rich and less-rich nations. More pragmatically, the current huge imbalance in the global distribution of shots invites another outbreak of a new variant, against which the US and other high-i...
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 ...