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Blog Post
April 25, 2022
In the midst of a crisis, Special Drawing Rights (SDRs) are sitting idle in many countries’ central banks. With a political push and some technical innovation, they can be put to good use at the multilateral development banks (MDBs) to accelerate the fight against climate change.
Blog Post
April 21, 2022
Suppose you’re the minister of education in a lower-middle income country. It’s budget season. You have a meeting tomorrow with the finance minister to make your case for more education spending. You know she’s skeptical that money is really what’s holding your school system back. The World Bank say...
Blog Post
April 19, 2022
Has the Modi government accelerated or decelerated poverty reduction? It’s hard to know, as India has effectively stopped measuring poverty. A new World Bank paper using private-sector survey data finds the share of people living below $1.90 per day has been falling, but is higher than we thought, a...
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
March 31, 2022
The effort to recycle unneeded SDRs from wealthy countries to poor countries was dealt a major setback in an omnibus spending deal recently passed by the US Congress. The final measure failed to include language authorizing the US Treasury to recycle 15 billion SDRs, worth about $21 billion, to the ...