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Blog Post
May 25, 2021
A lot of recent discussions focus on how to expand COVID-19 vaccine manufacturing capacity in low- and middle-income countries (LMICs). The conversations highlight the importance of technology transfer and the capability of the tech transfer receiving sites (the facilities in these countries that wo...
Blog Post
May 21, 2021
How have the MDBs responded to the COVID-19 crisis? A CGD note just published assembles data published so far for four of the major MDBs on their financial commitments to governments and the private sector in 2020 compared to 2008-2009 during the Global Financial Crisis. Here we summarize the soberi...
CGD NOTES
May 21, 2021
The world is now more than a year into the second global crisis of the century. This time, the IMF has stepped up. But what about the multilateral development banks? One of their central roles is to expand the fiscal space of middle- and low-income countries (MICs and LICs) for development spending,...
Blog Post
May 03, 2021
Most observers gave the IMF high marks for its initial response to the COVID-19 crisis. It responded quickly with emergency financing to 86 countries, including a fivefold increase in its concessional lending to low-income countries. And its leadership was quick to recognize that the unpreceden...
Blog Post
April 29, 2021
The decision to allocate $650 billion of special drawing rights from the International Monetary Fund to the global economy is welcome. One way to use this extra ration of global liquidity will be to bolster the concessional lending pot the IMF has to help low-income countries—the Poverty R...
Blog Post
April 22, 2021
COVID-19 and the economic crisis it unleashed have spurred unprecedented action from governments and international institutions. Multilateral development banks (MDBs) like the Asian Development Bank (ADB) swiftly committed resources to COVID-19 response and recovery efforts in 2020 and 2021, includi...