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Blog Post
March 09, 2023
Many advanced-economy countries are looking for ways to recycle their excess Special Drawing Rights (SDRs) to support more vulnerable countries whose economies are being buffeted by the economic aftermath of the COVID-19 pandemic and the Russian invasion of Ukraine. The G20 has pledged $100 billion ...
Blog Post
March 03, 2023
Last week, the Biden administration nominated Ajay Banga, former head of Mastercard, as a candidate to be the next World Bank president. I welcome President Biden’s choice, because Banga is an exciting and well-qualified candidate. As with any nominee, I hope the Bank’s shareholders will consider hi...
Blog Post
March 02, 2023
Since taking office, the Biden-Harris administration has introduced and started to implement a suite of new policies and strategies to advance global gender equality and ensure the enabling conditions for women to exercise voice and agency in their homes, workplaces, communities, and public life.
Blog Post
February 28, 2023
Sri Lanka's default on its debt in 2022 caused alarm among investors and development economists alike, and raised questions about the factors underlying the country's economic downfall. In this blog, we examine the reasons for Sri Lanka's default and the challenges that lie ahead.
Blog Post
February 16, 2023
Launched in January 2023, the new US Strategy on Global Women’s Economic Security is the first of its kind to apply across federal agencies. Women’s economic security is a critical element of broader gender equality and a foundation for the well-being of households, communities, and countries
Blog Post
February 15, 2023
Months of innovative work by AfDB staff have resulted in an attractive SDR recycling scheme that overcomes a major hurdle by successfully embodying the reserve asset characteristic. And it will allow leveraging SDRs to multiply their lending power 3-4 times. Now politicians have to step up and commi...