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Blog Post
May 17, 2024
At a time when global challenges appear daunting and geopolitical rivalries are rising, it is useful to remind ourselves that the past 75 years have seen more improvement in the human condition than ever before. Fifty years ago, half the world lived in extreme poverty, today it is less than one in 1...
Blog Post
May 16, 2024
Development cooperation has reached a crossroads. Humanitarian needs are rapidly increasing as violent conflicts erupt and continue, and geopolitical rivalry is contributing to a more fragmented development landscape. Difficult economic conditions in many of the poorest countries are paired with shr...
Blog Post
May 15, 2024
On Friday, May 10, 2024, the IMF Executive Board approved the recycling of special drawing rights (SDRs) to multilateral development banks (MDBs) for use as hybrid capital. It took a long time to get to this point, and the IMF should be congratulated for overcoming strong opposition, even from some ...
May
29
2024
IN PERSON
2:00—7:30 AM ET, 9 AM—2:30 PM EAT
May 09, 2024
The Center for Global Development (CGD), together with the African Center for Economic Transformation (ACET), Partnership for Economic Policy Network (PEP), the Policy Center for the New South (PCNS), and REPOA, are holding a workshop alongside the African Development Bank’s annual meetings in Nairo...
Blog Post
May 10, 2024
While there was no great fanfare coming out of the IMF/World Bank Spring Meetings, a closer look at the official statements reveals simmering tensions between major constituencies over the execution of the World Bank’s new “Livable Planet” agenda. These tensions were fueled by debates over the alloc...
CGD NOTES
May 07, 2024
IDA faces many headwinds—difficult aid politics in key donor countries; a high-interest rate environment that renders its financial model less efficient; and deteriorating credit quality in many of its client countries that makes risk taking less appealing. Breaking the $100 billion mark is not a po...
Blog Post
April 30, 2024
The controversy around the IFC’s investment in Bridge Academies, a for-profit education provider in Africa and India, is not going away. Indeed, World Bank President Ajay Banga has committed to an external investigation of the entire fiasco. The Bridge investigation highlighted two significant accou...
May
9
2024
VIRTUAL
9:00—10:00 AM ET / 2:00-3:00 PM BST
April 30, 2024
What are useful ways to think about AI’s impact on jobs across and within countries? How should developing countries craft policies and promote worker skills, digital infrastructure, and regulation to realize AI’s potential and minimize its risks? How well prepared are developing countries to do thi...