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Blog Post
May 28, 2024
Over the last 10 years, the international Decision Support Initiative (iDSI) has supported countries across Africa and Asia to develop national priority-setting processes. This month, in partnership with 15 iDSI authors, we have published a review of the successes, challenges, and lessons learned du...
Blog Post
May 15, 2024
On Friday, May 10, 2024, the IMF Executive Board approved the recycling of special drawing rights (SDRs) to multilateral development banks (MDBs) for use as hybrid capital. It took a long time to get to this point, and the IMF should be congratulated for overcoming strong opposition, even from some ...
Blog Post
May 10, 2024
Here is a Mother’s Day shout-out to all the mothers working at international financial institutions (IFIs) around the world, and especially to mothers at the two banks I know best: the World Bank and the Inter-American Development Bank, where I worked for a total of almost two decades with at least ...
Blog Post
May 08, 2024
Managing pandemics is not just about halting the spread of disease—it's about striking a careful balance between preserving public health and minimizing disruptions to daily life and well-being. Crafting effective policies in such situations requires a deep understanding of factors including how the...
WORKING PAPERS
April 23, 2024
This paper explores the potential implications of a declining absolute labor force on economic outcomes. It explores key macroeconomic variables during periods of negative and positive prime age (15-65) population growth (PAPG). These variables include 10-year bond yields, consumer price indices, fe...
Blog Post
April 23, 2024
The ongoing global demographic transition is massive in scale and likely impact. For most of the past 200 years, the vast majority of the world’s countries have seen population growth, particularly working-age population growth. As they’ve gone through the "demographic transition" toward lower birth...
Blog Post
April 09, 2024
It's spring in DC, which means it's time once again for the IMF-World Bank Spring Meetings. Finance ministers, central bank governors, and other top officials from around the world gather to discuss the state of the world economy and the international financial architecture, and CGD's researchers ar...
Blog Post
April 05, 2024
One of the most serious challenges facing the global economy today is the impending sovereign debt crisis in many middle- and low-income countries. The fiscal outlook in some of these countries appeared dire even before interest rates started climbing and spending related to COVID-19 caused debts to...