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Blog Post
April 05, 2022
Ukraine has close to $2.7 billion in principal and interest payments due to the World Bank and IMF in 2022. The government of Ukraine should not be expected to repay its debt to the international financial institutions (IFIs) while it is mobilizing all its resources to fend off the Russian invasion...
Blog Post
February 17, 2022
While Fitch had lowered Ghana’s rating in January, S&P opted to maintain its B-rating with a stable outlook pointing to Ghana’s solid growth prospects over the coming years. These divergent actions—and strong market reactions—are a reminder of the tremendous weight that investors put into assess...
Blog Post
January 20, 2022
Ongoing and looming global crises such as the COVID-19 pandemic and climate change have brought renewed attention to the delivery of global public goods (GPGs)—goods that benefit the entire world and can only be provided through cooperation between countries, like public health, climate action, and ...
Blog Post
November 23, 2021
The fact is $100 billion a year is woefully insufficient to cover the cost of climate change adaptation, let alone financing clean energy transitions across the developing world. The adaptation price tag alone could reach $300 billion a year by 2030. According to the IEA, the cost of financing clean...
Blog Post
November 10, 2021
Last Friday, the Government of Belize alongside the U.S. Development Finance Corporation (DFC) and the Nature Conservancy (TNC) announced the financial close of the largest blue bond for Ocean Conservation to date. The program enables Belize to convert its existing Eurobond (i.e. foreign currency bo...
Blog Post
October 26, 2021
Africa’s informal sector remains the largest in the world. According to the International Labor Organization, it claims almost 90 percent of the economy in sub-Saharan Africa and about two-thirds in North Africa (although there is significant heterogeneity in its size across countries).