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Blog Post
August 03, 2022
Ukraine’s dire financing situation is front and center in the debate over how the world will weather the war being waged by Russia. The IMF will play an important role in extending credit to Ukraine directly, but the institution is also being used a conduit for other countries’ assistance. In this b...
CGD NOTES
June 28, 2022
Before I get to the origin of CGD I want to say something about the concept of “mission.” I attended Catholic schools straight through college, and though before I left college I had left behind being a Catholic, I had apparently internalized the idea of having a mission in life—as in the missionari...
CGD NOTES
June 09, 2022
The story opens in the summer of 1990, when I became the head of a small technical division on environment in the Latin America region of the World Bank. The vice-president of the region told me (in so many words) he wanted an economist to take charge of what he saw as a “too-green” group. I resiste...
Jun
8
2022
12:00—1:00 PM Eastern Time (US and Canada)
June 02, 2022
Developing countries have made tremendous progress in reducing poverty in the last fifty years, supported by international cooperation and more open societies and economies. However, in recent years, nationalist and populist movements as well as geopolitical fractures have hindered multilateralism, ...
Blog Post
May 30, 2022
As international support for Ukraine ramps up, IMF special drawing rights (SDRs) are being brought into the mix. European Council president Charles Michel supported the Ukrainian Minister of Finance’s call to reallocate ten percent of unused SDRs to Ukraine. But it is unclear what this ten percent ...
Blog Post
May 25, 2022
After the IMF’s August 2021 allocation of $650 billion worth of special drawing rights (SDRs), the G20 pledged to recycle $100 billion worth of that allocation from high-income countries to middle- and low-income countries. These recycled SDRs—not needed by advanced economies—would help lower-income...
Blog Post
May 18, 2022
Just as the human body needs blood and a car needs oil, the world’s economy needs US dollars to support global trade and the international financial system. Since the Russian invasion of Ukraine, central banks have been charged with the “simple” task of keeping economies afloat by containing inflati...
CGD NOTES
May 12, 2022
I was 26 years old and three months pregnant when I got a job in the summer of 1972 as an “analyst” at a USAID-funded program in Washington, DC, on think tank row (now home of the Brookings Institution, the Peterson Institute for International Economics, and the Carnegie Endowment for International ...