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Blog Post
September 22, 2023
The IMF has now approved ten new loans to countries under its new Resilience and Sustainability Trust (RST), established in 2022 to provide financial support on concessional terms to countries facing long-term structural challenges arising from two key threats: climate change and pandemic preparedne...
Oct
13
2022
3:30—5:30 PM Eastern Time (US and Canada)
October 07, 2022
The international finance system is overwhelming creditor centric and is not considerate of the borrower’s needs. Creditors are often organised through “club” or “committees”, such as the Paris Club, which exclude the Borrower from negotiations. Subsequently, there is an urgent need to increase Borr...
Blog Post
August 11, 2022
Ahead of COP27, which will take place in Egypt in November 2022, CGD hosted an event that aimed to identify the challenges of mobilizing private finance for climate action in Africa as well as the opportunities and policies needed to overcome them. From the rich discussions, we have summarized a ran...
Blog Post
June 30, 2022
Improving the effectiveness and traction of IMF surveillance could enable timely responses to climate-related crises. Overseeing the international monetary system and the policies of its member countries—an activity known as “surveillance”—is a key function the IMF performs to promote global economi...
POLICY PAPERS
June 30, 2022
Evidence suggests that Africa is the most vulnerable continent to climate change. While African countries contribute relatively little to global emissions, they remain significantly vulnerable to the devastating economic effects of this phenomenon. This paper reviews IMF activities and explores how ...
Blog Post
October 26, 2021
Africa’s informal sector remains the largest in the world. According to the International Labor Organization, it claims almost 90 percent of the economy in sub-Saharan Africa and about two-thirds in North Africa (although there is significant heterogeneity in its size across countries).
Oct
5
2021
8:30—10:00 AM Washington DC Time
September 24, 2021
Africa’s informal sector continues to expand, employing a large part of the growing workforce. At the same time, the small and very small businesses have daunting challenges in accessing financing and thus are vulnerable to small changes in the business environment. Without financing, their scale of...
Blog Post
July 15, 2021
In a recent joint piece, African and European leaders underscored the importance of strengthening the positions and roles of pan-African institutions within a new international financial architecture, reaffirming one of the four key goals of the summit on financing African economies held last May in...
Blog Post
March 15, 2021
The COVID-19 pandemic has taken a significant toll on African economies. Despite the significant support for COVID-19 response provided by their bilateral and multilateral partners, African countries continue to face significant financing needs to protect lives and livelihood and bolster prospects f...