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Blog Post
August 03, 2022
Ukraine’s dire financing situation is front and center in the debate over how the world will weather the war being waged by Russia. The IMF will play an important role in extending credit to Ukraine directly, but the institution is also being used a conduit for other countries’ assistance. In this b...
Blog Post
August 02, 2022
It’s clear that development agencies will be faced with hard choices in the years to come. CGD’s 2022 Development Leaders Conference will bring together senior policymakers from official bilateral and multilateral development agencies and institutions to explore the way forward for development, dur...
Blog Post
July 20, 2022
The Dutch government has published a new policy memorandum on Foreign Trade and Development Cooperation. According to Liesje Schreinemacher, the Minister in charge of this portfolio, a lot of what the Dutch government are doing in this space “works very well”. Though the evidence shows that some of ...
Blog Post
May 30, 2022
As international support for Ukraine ramps up, IMF special drawing rights (SDRs) are being brought into the mix. European Council president Charles Michel supported the Ukrainian Minister of Finance’s call to reallocate ten percent of unused SDRs to Ukraine. But it is unclear what this ten percent ...
Blog Post
May 25, 2022
After the IMF’s August 2021 allocation of $650 billion worth of special drawing rights (SDRs), the G20 pledged to recycle $100 billion worth of that allocation from high-income countries to middle- and low-income countries. These recycled SDRs—not needed by advanced economies—would help lower-income...
Blog Post
May 18, 2022
Just as the human body needs blood and a car needs oil, the world’s economy needs US dollars to support global trade and the international financial system. Since the Russian invasion of Ukraine, central banks have been charged with the “simple” task of keeping economies afloat by containing inflati...