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Blog Post
June 10, 2024
In a new CGD paper, the CAF review holds an important lesson for the IMF which, if acted on, could allow it to greatly increase its support for low-income countries (LICs) while maintaining its robust financial buffers.
The paper also summarizes the financial structure of the IMF’s General Resourc...
Blog Post
May 31, 2024
Well, that was an eventful week. We’re one week into the UK General Election campaign, which has so far been conducted with all the dignity of a Rooney family wedding. We’ve had internecine fighting, a spate of retirements, MPs mocking their own policy platforms and what can only be described as a s...
Blog Post
May 24, 2024
This has been a week of extremes for me: I spent the first part of the week basking in sunshine in Barcelona for a (very good) conference, meeting people from around the world working on interesting problems, eating incredibly good food and enjoying one of the more walkable cities I’ve visited. And ...
Blog Post
May 17, 2024
It was a long, hard slog, and there have been a number of setbacks (not least days on end of merciless grey skies and rain), but London has finally settled into a real, actual summer. That means two things: first, everyone is in a ridiculously good mood. We get three weeks of sunshine a year, and it...
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 ...
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 14, 2024
Richer aging countries need educated young workers to provide the services and entrepreneurial talent to sustain their quality of life. A growing population of young, increasingly educated people in poorer countries, and especially in Africa, need good jobs and greater opportunities. More trade in s...
Blog Post
May 10, 2024
It was hit-and-miss for a while—there were a good few weeks when I thought the UK would just completely forego spring and summer and transition directly from winter into autumn—but there are tentative signs of summer in London. London in the summer is a bit like a bird that spends 11 months of the y...
Blog Post
May 03, 2024
One of the things I missed last week was Jishnu Das’s excellent, heartfelt piece about the state of development economics. But he’s not talking about causal identification or taking potshots in the war on randomization, but about the deeper values that he suggests have gone missing from the discipli...