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Blog Post
May 04, 2023
The United States’ Trade Adjustment Assistance program is a federal policy in this vein that supports workers displaced by trade, but it’s small and not enough for a political consensus on free trade. Related proposals have been made on issues like immigration and infrastructure (e.g. minute 53 here...
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
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...
Blog Post
December 01, 2022
The US-Africa Leaders Summit in Washington, DC presents an important opportunity to discuss the public good provided by African countries in hosting 7 million refugees. One critical tool that African and US officials should focus on and jointly advocate for is the World Bank’s Window for Host Commun...
Blog Post
November 30, 2022
SDRs are only part of the answer to Africa's economic and financial challenges. But they can be mobilized quickly and responsively to meet acute needs on the continent. The cost to the United States is essentially zero. The potential benefits to African countries and US credibility are immense.
Blog Post
November 29, 2022
The Global North can make an immediate down payment on the promises made at COP27 to increase financing for emerging markets and developing countries. How can countries ensure that funding starts to flow now? By pushing the limits of the funding mechanisms already in place.
Blog Post
February 10, 2022
The EU-AU summit is an important moment where the European Union could announce an ambitious plan to recycle its Special Drawing Rights which our analysis shows there is plenty of room to do. While some EU countries have been at the forefront of advocating for recycling, as a group the EU membe...