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Blog Post
April 13, 2023
Debt suspension clauses (DSCs) are having their moment in the international policy arena spotlight. Also known as “pause clauses” or climate-resilient debt clauses, DSCs are mechanisms that allow a country to temporarily suspend debt repayments for a pre-agreed period (generally 1-2 years) if a nat...
Blog Post
April 10, 2023
The world has never been more educated, our populations more connected. Technological advance in areas from solar and fusion power through batteries to satellites and cancer vaccines will help deliver sustained development. Ending extreme ($2.15 a day) poverty, while long overdue, is on a trajectory...
Blog Post
April 03, 2023
The World Bank shouldn’t become a dedicated climate bank: that’s not what its client countries want, and the global development agenda (the D in IBRD and IDA) is still urgent. But, with additional finance, the Bank could play an important part in the global response to the climate challenge. That sh...
Blog Post
March 20, 2023
I’m very grateful to Olivier de Schutter, UN special rapporteur on extreme poverty and human rights, for his discussion of Zack Gehan and my paper on future growth forecasts and poverty in 2050. There is much to agree with in his analysis, but I’d disagree with his statement “our focus should be on...
Blog Post
March 20, 2023
In the next few weeks, the OECD will release its estimate of ODA—Official Development Assistance—provided by member countries, and will no doubt claim yet another record high. But this inflated measure has lost its credibility, in large part because its definition is governed solely by ODA-providing...
Blog Post
March 15, 2023
In a recent note, Zack Gehan and I used a database of World Bank projects to examine the association between World Bank project types and environmental review procedures and project preparation times. We found that policy lending projects are significantly faster to design, while projects that under...