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WORKING PAPERS
March 27, 2024
The inflow of refugees and their subsequent integration can be an important challenge for both the refugees themselves and the host society. Policy interventions can improve the lives and economic success of refugees and of their communities. In this paper, we review the socioeconomic integration po...
Blog Post
March 27, 2024
When refugees fleeing conflict and persecution arrive in a new country, they need immediate humanitarian support. Shelter, food, safety, and health are rightly considered nonnegotiable priorities by the international community. But once these basic needs are satisfied, how do we promote refugees’ so...
Blog Post
February 26, 2024
As policymakers and financiers set their priorities for 2024, we gathered a group of experts who've been working on pandemics and pandemic financing from a range of perspectives including epidemiology, economics, insurance, policy, and advocacy. The purpose of our event was to map out the next steps...
CGD NOTES
January 30, 2024
As policymakers in protracted refugee situations shift from short-term humanitarian responses to longer-term development support, it is critical to identify effective approaches for allocating scarce resources. Hundreds of millions of dollars are spent on livelihood programs for refugees annually, y...
Blog Post
April 26, 2023
The COVID-19 pandemic caused a sharp reduction of economic activity in the first months of 2020, which negatively affected the revenues, liquidity, and, potentially, the solvency of many firms. In response to this crisis, the European Central Bank (ECB) announced the Pandemic Emergency Purchase Prog...
WORKING PAPERS
April 26, 2023
This paper finds that shareholders of highly leveraged firms benefit relatively less compared to bondholders from the corporate quantitative easing (QE) announcements by the European Central Bank and the Bank of England in March 2020, as evidence of debt overhang. Firms more heavily impacted by the ...
Blog Post
April 20, 2023
Last week in DC was busy with the World Bank and IMF spring meetings, the Consortium of Universities in Global Health (CUGH) 2023 Annual Conference, and other events including the first UN-hosted Asia-Pacific Civil Registration & Vital Statistics (CRVS) Research Forum. Amidst a flurry of events on g...
Blog Post
March 10, 2023
In a recent piece with my colleague Mark Plant, I highlighted the financial pressures facing the IMF’s Poverty Reduction and Growth Trust (PRGT). The surge in PRGT lending during the pandemic and the continued high level of lending since then provided essential support to low-income countries (LICs)...
Blog Post
March 03, 2023
The COVID-19 pandemic led to a deep global recession as the virus rapidly spread and governments restricted movements. The economic shock was compounded by widespread uncertainty among businesses and concerns about the risks of increasing financial sector distress limiting access to credit.
WORKING PAPERS
March 03, 2023
This paper examines the impact of the COVID-19 crisis on the reallocation of economic activity across firms, and whether this reallocation depends on the competition environment. The paper uses the World Bank’s Enterprise Surveys COVID-19 Follow-up Surveys for about 8,000 firms, including both small...