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CGD NOTES
January 30, 2024
As policymakers in protracted refugee situations shift from short-term humanitarian responses to longer-term development support, it is critical to identify effective approaches for allocating scarce resources. Hundreds of millions of dollars are spent on livelihood programs for refugees annually, y...
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 study a Ugandan policy that redistributes 30 percent of foreign aid for refugees to Ugandans while allowing...
Blog Post
May 04, 2023
The United States’ Trade Adjustment Assistance program is a federal policy in this vein that supports workers displaced by trade, but it’s small and not enough for a political consensus on free trade. Related proposals have been made on issues like immigration and infrastructure (e.g. minute 53 here...
Apr
11
2023
12:30—2:00 PM ET 5:30-7:00 PM BST In-person and Online
April 04, 2023
In the wake of COVID-19, African countries are set to receive special drawing rights to boost their economies. However, there is a need to increase African agency in development financing – including in the deployment of SDRs to best meet African development agendas such as Agenda 2063. During COVID...
Blog Post
March 09, 2023
Many advanced-economy countries are looking for ways to recycle their excess Special Drawing Rights (SDRs) to support more vulnerable countries whose economies are being buffeted by the economic aftermath of the COVID-19 pandemic and the Russian invasion of Ukraine. The G20 has pledged $100 billion ...
Blog Post
February 15, 2023
Months of innovative work by AfDB staff have resulted in an attractive SDR recycling scheme that overcomes a major hurdle by successfully embodying the reserve asset characteristic. And it will allow leveraging SDRs to multiply their lending power 3-4 times. Now politicians have to step up and commi...
Blog Post
December 01, 2022
The US-Africa Leaders Summit in Washington, DC presents an important opportunity to discuss the public good provided by African countries in hosting 7 million refugees. One critical tool that African and US officials should focus on and jointly advocate for is the World Bank’s Window for Host Commun...
Blog Post
November 30, 2022
SDRs are only part of the answer to Africa's economic and financial challenges. But they can be mobilized quickly and responsively to meet acute needs on the continent. The cost to the United States is essentially zero. The potential benefits to African countries and US credibility are immense.
Blog Post
November 29, 2022
The Global North can make an immediate down payment on the promises made at COP27 to increase financing for emerging markets and developing countries. How can countries ensure that funding starts to flow now? By pushing the limits of the funding mechanisms already in place.