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WORKING PAPERS
November 02, 2023
There is a non-trivial chance that ODA for non-humanitarian and climate finance will fall in absolute terms over the coming years and that aid will become increasingly focused on richer countries. The most promising strategy for bilateral ODA flows may be to increase the generosity of traditional do...
Blog Post
October 31, 2023
The World Bank is the largest provider of climate adaptation finance to the world’s poorest countries. Adaptation finance assists countries to reduce the risks they face from climate change such as disease outbreak and rising sea levels. Lower-income countries (LICs) receive highly concessional fina...
Blog Post
October 11, 2023
Budget support offers direct financing to a country’s treasury to create more “fiscal space” for public programs. It has constituted some 14 percent of ODA on average, increasing to over 20 percent in times of crisis. No aid modality is more controversial. Critics argue that, without earmarking fund...
Blog Post
October 05, 2023
A year ago, the International Monetary Fund (IMF) announced that an alarming 60 percent of developing countries and 25 percent of emerging market economies were either in debt distress or at severe risk of default. The confluence of severe shocks in the period 2020-22, starting with the COVID-19 pan...
WORKING PAPERS
October 05, 2023
This paper uses a straightforward Resilience Indicator, constructed from a small set of economic and institutional variables, to show that by 2019, prior to the COVID-19 pandemic and subsequent global shocks, it was possible to identify emerging markets and developing countries that would encounter ...
Blog Post
September 27, 2023
The rapid evolution of the development landscape, amid ongoing crises such as the war in Ukraine and climate change, presents profound challenges for all development actors. The various challenges intersect in unprecedented ways, amplifying the complexities faced by development cooperation providers...
WORKING PAPERS
September 22, 2023
Using new data from the European Banking Authority on loan recovery outcomes, we examine how variation in loan recovery efficiency affects the transmission of financial sector and overall economic weakness to firm-level financial and real outcomes. We find that firms linked to under-capitalized bank...
Blog Post
August 07, 2023
While donors are increasingly interested in both promoting evidence-based policymaking and advancing locally led development, the two agendas have often remained separate. This is a missed opportunity. A recent CGD working group underscored the value of locally immersed researchers and organizations...
POLICY PAPERS
August 07, 2023
CGD conducted a landscaping exercise to better understand the current landscape of organizations headquartered in sub-Saharan Africa that boast impact evaluation capacity. The resulting database is intended as a resource for funders looking to advance locally led development; to help facilitate coor...
CGD NOTES
June 07, 2023
The Committee identifies three critical developments in the global economy with profound implications that require urgent changes at the IMF. This statement advances broad proposals to address these issues by creating an Emerging Markets Fund (EMF); modifying the G20 Common Framework to effectively ...