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Blog Post
January 10, 2023
Ahead of the holiday break, US lawmakers reached agreement on a final FY2023 spending deal. After months of stalled negotiations, an omnibus appropriations package was far from guaranteed. But concerns about the consequences of a long-term continuing resolution—and the prospect of adding a major tas...
Blog Post
January 21, 2022
Even as the fight to control COVID-19 at home is far from over, to bring an end to the pandemic, the administration must dramatically expand its global response work—and continue its efforts to rally the international community. Here we provide a rundown of the administration’s progress toward achie...
CGD NOTES
November 30, 2021
The pandemic and its economic impact have been a revealing test of the multilateral development bank (MDB) system and of individual MDBs. Although lending by the MDBs as a group rose significantly in 2020 (39 percent), this is much less than the rise in MDB lending in response to the Global Financia...
Blog Post
November 01, 2021
Lawmakers on Capitol Hill extended a lifeline to US global response efforts with the provision of supplemental funding. Early on, sums dedicated to the overseas fight were modest, but last year's end-of-year spending package included $4 billion for Gavi, the Vaccine Alliance—to support the multilate...
Blog Post
May 21, 2021
How have the MDBs responded to the COVID-19 crisis? A CGD note just published assembles data published so far for four of the major MDBs on their financial commitments to governments and the private sector in 2020 compared to 2008-2009 during the Global Financial Crisis. Here we summarize the soberi...
CGD NOTES
May 21, 2021
The world is now more than a year into the second global crisis of the century. This time, the IMF has stepped up. But what about the multilateral development banks? One of their central roles is to expand the fiscal space of middle- and low-income countries (MICs and LICs) for development spending,...
Blog Post
April 02, 2021
The American Rescue Plan—the massive COVID-19 relief package recently signed into law—has featured in plenty of headlines. While the vast majority of the nearly $1.9 trillion package is allocated to domestic relief and response, the legislation provides nearly $11 billion in supplemental internation...
Blog Post
March 22, 2021
The Biden administration and the Congress rightly went big in the recently passed American Rescue Plan at a time of tremendous need. The package was appropriately focused on the domestic side, but it did not neglect the rest of the world. One might reasonably ask then why $1 billion or $2 billi...
Blog Post
October 05, 2020
There are three critical and urgent issues that should rise to the top of the agenda for the upcoming meetings of the G20 and the IMF and World Bank. IMF shareholders should seize the moment to give the Fund a mandate to develop feasible but fit-for-purpose proposals in these areas.
CGD NOTES
August 05, 2020
Two out of five low-income countries were in the grips of, or moving rapidly toward, unsustainable debt levels before the global pandemic. But the economic, financial, and fiscal effects of the pandemic have brought the day of reckoning for many countries much closer. The global financial commu...