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Blog Post
May 23, 2023
The past year has been challenging and turbulent for many frontier markets in Africa. In 2022, African economies met headwinds of inflation, the aftermath of the COVID-19 pandemic, and sovereign debt challenges. This led to a decrease in demand for African goods and services, as well as reduced inve...
Blog Post
May 22, 2023
The tide is turning: the economic recovery in the Asia-Pacific region is picking up steam. Last week’s forecasts from the IMF suggest that economic growth in the region’s developing and emerging countries will rise from 4.4 percent in 2022 to 5.3 and 5.1 percent in the current and following year. Th...
Blog Post
May 22, 2023
This week, the African Development Bank (AfDB) will hold its annual meeting in Sharm El Sheikh, Egypt. This is the right moment for its shareholders and other donors to commit to allocating some of their excess Special Drawing Rights (SDRs) to the hybrid capital fund that the AfDB has proposed to ...
Blog Post
May 16, 2023
The potential for emerging technology in Africa is vast. With a future population of 2.5 billion people, the continent presents a huge market opportunity for businesses to tap into. For Japanese companies, there is a massive middle class opportunity waiting to be exploited. However, simply building ...
Blog Post
May 15, 2023
A significant portion of African borrowing over the last decade has gone toward building infrastructure, but still, infrastructure has not kept up with population growth across the continent. Africa currently trails the rest of the world on every measure of infrastructure coverage. This deficit is m...
CGD NOTES
May 15, 2023
The ability of the World Bank to strike an appropriate balance between country demands and global goods depends on the institution’s shareholders. Yet, the deterioration in the bilateral relationship between the United States and China now threatens to undermine effective governance at the instituti...
Blog Post
May 11, 2023
IF-CAP is a donor-backed guarantee facility, where public, private, and philanthropic financing partners take risk off the ADB’s balance sheet by guaranteeing to backstop repayments for ADB mitigation and adaptation climate projects. By guaranteeing repayments on specific climate investments, IF-CA...
Blog Post
May 05, 2023
The Senate Foreign Relations Committee this week approved bipartisan legislation that would expand the list of countries the Millennium Challenge Corporation (MCC) can engage while preserving its strict eligibility requirements that demand partners adhere to principles of good governance and uphold ...
WORKING PAPERS
May 04, 2023
Many public policies create (perceived) winners and losers, but there is little evidence on whether redistribution can support new political economy equilibria that raise aggregate welfare. We conduct a randomized controlled trial in Kampala, Uganda studying aid programs for Ugandans which are expli...