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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 18, 2024
Against the odds, a plucky little IMF engine—the Resilience and Sustainability Trust, or RST—has won plaudits for its efforts to support countries formulating policies to tackle climate change. It has taken up the challenge with only $30 billion as firepower, against the trillions needed from all ...
POLICY PAPERS
March 18, 2024
The IMF’s Resilience and Sustainability Trust (RST) has been operational for over a year, with the first seventeen countries receiving commitments of financial support. But if lending from the RST is to achieve its objectives, the IMF should make it fitter for purpose by taking a radically different...
CGD NOTES
March 15, 2024
The November guidance on RSF seems to have addressed some of the shortcomings observed in the initial RSF programs. However, as we highlight in this note, other deficiencies remain unresolved and require attention from the IMF’s Executive Board during the upcoming RSF review.
Blog Post
March 14, 2024
Since the absorption of the Department for International Development (DFID) into the Foreign and Commonwealth Office, there has been a clear pattern in the fortunes of the development function of the department, every decision taken made the UK’s development function worse: less impactful, less effi...
Blog Post
February 27, 2024
In the UK context the main discussion of UK development policy amid all of these headwinds has been around the current government’s new ‘white paper’, which seeks to set UK development policy to 2030 and tried to be cross-party. That said, it could have a very short shelf life as presumably any inco...
Blog Post
February 07, 2024
In the coming weeks, the official opposition party—Labour—is expected to be granted access to civil servants to discuss their policy agenda to enable planning. Election manifestos will also be finalised shortly. But will Labour do any more for global development than the Conservatives have?