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Blog Post
May 17, 2024
At a time when global challenges appear daunting and geopolitical rivalries are rising, it is useful to remind ourselves that the past 75 years have seen more improvement in the human condition than ever before. Fifty years ago, half the world lived in extreme poverty, today it is less than one in 1...
Blog Post
May 16, 2024
Development cooperation has reached a crossroads. Humanitarian needs are rapidly increasing as violent conflicts erupt and continue, and geopolitical rivalry is contributing to a more fragmented development landscape. Difficult economic conditions in many of the poorest countries are paired with shr...
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
April 11, 2024
There are currently two prevailing methodologies for calculating PCM—the MDB approach and the OECD approach. Both approaches have developed over time and contributed significantly to better understanding of the ways in which private capital is mobilised for development. However, they have key defici...
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
March 29, 2024
The US foreign assistance data for FY 2022 is nearly complete, except for some missing Department of Defense, Homeland Security, and Transportation data, and the data reveals some interesting trends. First, FY 2022 did not break the historical record of total obligations, but it came closer than any...
Blog Post
March 26, 2024
There was a very disappointing development at the IMF Executive Board earlier this month—the postponement of a formal decision on whether special drawing rights (SDRs) could be recycled to the hybrid capital scheme proposed by two multilateral development banks (MDBs), the African Development Bank (...