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Blog Post
April 09, 2024
It's spring in DC, which means it's time once again for the IMF-World Bank Spring Meetings. Finance ministers, central bank governors, and other top officials from around the world gather to discuss the state of the world economy and the international financial architecture, and CGD's researchers ar...
Blog Post
March 26, 2024
There was a very disappointing development at the IMF Executive Board earlier this month—the postponement of a formal decision on whether special drawing rights (SDRs) could be recycled to the hybrid capital scheme proposed by two multilateral development banks (MDBs), the African Development Bank (...
Blog Post
March 21, 2024
Many developing countries are facing an impossible situation. With the impact of cascading crises, the gulf between their financing needs and the resources available to them is widening. The combination of elevated interest rates, weakening currencies and low credit ratings are excluding them from c...
POLICY PAPERS
March 21, 2024
Already constrained by the economic aftershocks of COVID-19, the impact of the war in Ukraine, and the food and climate crisis, low-income countries and lower-middle-income countries now face a combination of soaring debt and high interest rates. Confronted with insufficient liquidity to respond to ...