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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
October 04, 2022
The World Bank/IMF Annual Meetings begin next week—against a backdrop of mounting economic crises and uncertainty. How can we reduce global debt? Rethink the MDB/IMF system to address pressing issues like pandemics, climate change, and food security? Support poor countries where they need the most a...
Blog Post
December 10, 2021
In 2021, the ongoing grip of COVID-19 served as a stark reminder of the fragility of our progress in fighting poverty and COP26 highlighted the need for richer countries to provide substantial funding to meet global challenges. As the twin crises of a global pandemic and climate change threaten to l...
Blog Post
December 03, 2020
As development agencies transition from their immediate COVID-19 response towards a medium-term strategy, their leaders see a clear need to rethink some key aspects of their underlying business models. The Development Leaders Conference brought together heads of bilateral development agencies a...
Blog Post
July 17, 2019
I’ve been given two kinds of arguments in support of not borrowing for social sector projects. The first is about their ability to repay the borrowing by generating enough foreign exchange. And the second is skepticism about the productivity of government spending in these areas. Let me ...
Blog Post
August 09, 2018
Although the new government has yet to take office, Imran Khan, who as of Monday has won the most seats in parliament, is expected to realize his long-term aim of becoming prime minister. Having run on a platform of ending corruption and promoting human development, expectations are high especially ...