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Blog Post
May 10, 2022
Pretty much everyone following the war in Ukraine has seen satellite imagery of Russian convoys trundling across Ukraine, or read about Elon Musk’s delivery of 5,000+ Starlink satellite-internet receivers. News reports are backed up by a wealth of satellite data, which has short-circuited Russia’s a...
Blog Post
April 28, 2022
The idea that shavings of public gold sprinkled like fairy dust on private investment projects would bring to life a giant array of infrastructure and services which in turn would gift us wondrous progress in development hasn’t worked out. It is time to drop the fantasy and focus instead on the test...
Blog Post
April 20, 2022
In 2021, Ghana announced a plan to issue sovereign bonds of up to $2 billion, with proceeds due partially to fund a free secondary school program. Just months later, Ghana’s rising debt burden means this is no longer feasible. Can developing countries tap the social bond market in order to fund publ...
Blog Post
April 05, 2022
Ukraine has close to $2.7 billion in principal and interest payments due to the World Bank and IMF in 2022. The government of Ukraine should not be expected to repay its debt to the international financial institutions (IFIs) while it is mobilizing all its resources to fend off the Russian invasion...
CGD NOTES
March 29, 2022
IMF and World Bank 2022 growth projections for emerging markets and developing economies (EMDEs), released in January this year, were not encouraging. They found that deteriorated macroeconomic fundamentals, partly resulting from policy responses to the pandemic, deep institutional deficiencies, and...
Blog Post
March 18, 2022
The effects of the conflict in Ukraine are reverberating across the world. In Northeast Africa, its ripples endanger the peaceful governance of food and water. Diminished wheat imports from Russia and Ukraine will make Egypt still more conscious of the threat posed to its agriculture by Ethiopia’s G...
Blog Post
March 08, 2022
The majority of the world wants peace. This is clear by now. Just consider the many large-scale anti-war demonstrations taking place around the world; and the outpour of solidarity and support for the people in the Ukraine and the more than one million Ukrainians who fled from their country. Ye...
Blog Post
March 07, 2022
In the few days since the Russian invasion of Ukraine started, over 1.7 million Ukrainians—including children, women, elderly—have already fled their homes, seeking refuge in other nations. That is not just an extraordinarily large number, considering the invasion happened just days ago, but it is a...