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CGD NOTES
July 17, 2023
Low-income countries are in a battle for their lives and livelihoods, but they lack the resources to respond effectively. As the largest single source of development finance for the world’s poorest countries, the World Bank’s International Development Association (IDA) must be at the center of the s...
CGD NOTES
June 16, 2023
In this note we assess the potential short-term fiscal impact of these instruments. We look at three major natural disasters over the past two years and assess how much relief each country would have received if DSCs had been included in the totality of their external debt instruments.
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
April 14, 2023
More than ever, low and lower middle-income countries (LICs and LMICs) are in a race against time. Their ambition to deliver prosperous economies for their citizens appears continuously thwarted by different shocks. There is a growing sense of urgency among these economies as it becomes clear that t...
Blog Post
April 13, 2023
Debt suspension clauses (DSCs) are having their moment in the international policy arena spotlight. Also known as “pause clauses” or climate-resilient debt clauses, DSCs are mechanisms that allow a country to temporarily suspend debt repayments for a pre-agreed period (generally 1-2 years) if a nat...