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Blog Post
May 21, 2024
This week, Kenyan President William Ruto will be the first African leader to receive an official state visit since President George W. Bush invited Ghanaian President John Kufuor in 2008. President Ruto is traveling to Washington to mark the 60th anniversary of US-Kenyan diplomatic relations. But un...
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 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 ...
CGD NOTES
May 14, 2024
This note presents two scenarios for the world economy and development prospects to 2050 based on the forecasting exercises and analysis presented in a series of papers by Philip Adom, Augustin Kwasi Fosu, Dede Woade Gafa, Zack Gehan, Brian Webster, Ranil Dissanayake and Charles Kenny.
Blog Post
May 10, 2024
While there was no great fanfare coming out of the IMF/World Bank Spring Meetings, a closer look at the official statements reveals simmering tensions between major constituencies over the execution of the World Bank’s new “Livable Planet” agenda. These tensions were fueled by debates over the alloc...
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 06, 2024
MEL practitioners—and knowledge producers more generally—should adopt an approach that is attuned to a realistic model of the stages of the policy process and be ready to seize windows of opportunity to apply evidence. This may require navigating competing demands, recognizing tradeoffs, and making ...