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Blog Post
February 19, 2024
One of the few silver linings from Brexit for the UK has been the increase in non-EU migration. But this has led to renewed concerns about a “brain drain”, the notion that the exodus of skilled workers from poorer countries will leave them unable to meet their own development goals. Yet these concer...
CGD NOTES
November 14, 2023
In the wake of a challenging year, the Bank of England (BoE) has found itself navigating a tumultuous economic landscape marked by significant upheavals. Following the release of the mini-budget in September 2022, the BoE was compelled to take proactive measures to stabilize the financial system. Th...
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
January 09, 2023
The past year was tumultuous for SDRs, but we’ve now managed to decipher the annual report and extract the must-knows to help you have a more enjoyable experience when you read it! The report covers the first year after the historic allocation of SDR 456 billion ($650 billion) in August 2021 and pro...
Blog Post
August 16, 2021
The recent $5 billion overnight cut in UK foreign aid highlights the importance of understanding the politics of aid spending. This blog explores the role of international travel by rich country citizens to poorer countries in determining attitudes towards aid, and the potential value of volunteer t...
CGD NOTES
April 20, 2021
In this note, David Andrews looks at one mechanism that could work for using excess SDRs to the benefit of low- and middle-income countries: donating them. It is a simple idea but hardly straightforward, as he demonstrates with a “case study” of how the United Kingdom might do this. The UK’s rules g...
Blog Post
March 24, 2021
Two positive development stories emerged from the UK education sector last week: A new tutoring scheme is hiring Sri Lankan tutors for British children. And the UK Department for Education is proposing a new international teaching qualification, which could make international recruitment easier.