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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
Russia’s invasion of Ukraine has sparked significant rises in energy and food prices. Our analysis suggests the scale of price spike will push over 40 million into extreme poverty. In this blog, we look at the outlook for commodity prices as well as the significant implications for hunger and povert...
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 18, 2022
Nearly six months into the fiscal year, Congress finally delivered an FY22 spending bill last week. But even after stalled negotiations prompted worries that lawmakers would be unable to reach a deal at all, the final measure is something of a disappointment—failing to deliver sufficient resources t...
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...
Blog Post
March 07, 2022
With Russia’s attack on Ukraine raging and most of the world imposing severe financial sanctions on Russia, attention has turned to whether Russia could use its allocation of special drawing rights to bolster its foreign reserves and finance its war effort. The answer is yes, in principle, but ...