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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
June 03, 2024
As the largest international source of education financing, the World Bank funds a wide range of activities, from school construction to international assessments. Specifically, 602 education projects approved between 1998 and 2017 have financed 139 different types of activities, as per the Bank's i...
Blog Post
May 31, 2024
The African Growth and Opportunity Act (AGOA) is up for renewal this year. AGOA is a cornerstone of US-Africa economic relations, and has enjoyed bipartisan support for nearly a quarter century. But it's showing its age. A lot has changed since Bill Clinton signed the bill back in 2000—not least, th...
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 14, 2024
In an organization like the World Bank that has long favored men in their hiring process, most senior managers will be men because organizations prefer to promote from `within’ at the senior level. Suppose that, recognizing the need to diversify, the Bank starts hiring more women at entry-level posi...
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
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 09, 2024
As many countries around the world prepare to celebrate Mothers’ Day weekend, including in the United States, care is at the top of many people’s minds. This theme resonates from intimate household spaces to the broad corridors of global policy. The G20 is one global policy space where, each year, i...