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Blog Post
March 21, 2024
Many developing countries are facing an impossible situation. With the impact of cascading crises, the gulf between their financing needs and the resources available to them is widening. The combination of elevated interest rates, weakening currencies and low credit ratings are excluding them from c...
POLICY PAPERS
March 21, 2024
Already constrained by the economic aftershocks of COVID-19, the impact of the war in Ukraine, and the food and climate crisis, low-income countries and lower-middle-income countries now face a combination of soaring debt and high interest rates. Confronted with insufficient liquidity to respond to ...
CGD NOTES
March 20, 2024
Development finance institutions (DFIs) and bilateral development agencies play different yet complementary roles that ultimately aim to achieve the Sustainable Development Goals. But questions remain about how well this relationship works in practice. Recent analysis suggests that DFI and developme...
Blog Post
June 30, 2023
The European Union (EU)’s arsenal of development finance instruments comprises grants, budget support, blends of grants and loans, guarantees, and trust funds. But little attention has been paid to its macro-financial assistance (MFA) tool. Since the 1990s, it has been deployed to help countries in ...
Blog Post
May 22, 2023
The recent Spring Meetings of the World Bank (WB) and the International Monetary Fund (IMF) shone a light on the enormous and enlarging gulf between developing countries’ needs and what high-income countries are currently offering. Already constrained by the economic aftershocks of COVID-19, low- an...
Blog Post
April 27, 2023
The IMF should be applauded for implementing the Resilience and Sustainability Facility (RSF). That said, it is highly improbable that extending RSF financing to an additional 44 countries will be feasible in the next one or two years as it would require a major change in the mindset of borrowing co...
Apr
6
2023
9:00—10:15 AM ET / 2:00-3:15 PM BST
March 17, 2023
The 2021 Inclusive Framework agreement is the greatest international tax reform in 100 years, but much of it remains to be implemented. While representing a major advance, further reforms are needed both to finalize incomplete aspects of the agreement and to raise more domestic revenues in developin...
Blog Post
December 13, 2022
The case for multilateralism could not be clearer. It points to the many global problems that the world faces, which even the most powerful states cannot handle on their own. Containing global pandemics and mitigating climate change are tasks that require global cooperation. And yet, the future of t...
Oct
6
2022
9:00—10:30 AM Eastern Time (US & Canada) /1:00 - 2:30pm Greenwich Mean Time (GMT)/ 2:00 - 3:30pm British Summer Time (BST) / 3:00 - 4:30pm Central European Summer Time (CEST)
September 22, 2022
What is the impact of IMF-provided capacity development (CD) on IMF member countries developing their institutional and human capacity to design and implement sound macroeconomic and financial policies? Does the Fund identify the right priorities and is CD sufficiently integrated with the Fund’s sur...
Apr
20
2022
12:00—1:15 PM Eastern Time (US & Canada) / 5:00—6:15pm British Summer Time (BST)
April 12, 2022
This event will discuss the steps to better manage tax expenditures and draw on the two recent studies on the topic by the International Budget Partnership (IBP) and the Organization for Economic Co-operation and Development (OECD).