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Blog Post
June 16, 2023
The International Monetary Fund (IMF) needs more subsidy resources to continue its concessional lending to low-income countries (LICs) at current levels. Following the example set by the United Kingdom, lenders to the IMF's Poverty Reduction and Growth Trust (PRGT) can build subsidy resources into t...
Blog Post
June 14, 2023
Too often, climate finance is treated as a proxy for climate outcomes when it comes to agenda-setting and strategy at the multilateral development banks. Over the last 18 months, the World Bank’s shareholders have led a major reform push that would have the Bank focus more on climate, with the discu...
Blog Post
June 14, 2023
An interesting paper (and podcast) by Francis Fukuyama and Michael Bennon look at China’s Belt and Road Initiative (BRI) and recent debt distress in BRI project countries, building on work by Scott Morris and co-authors that examined 100 Chinese debt contracts with foreign governments. BRI has invol...
Blog Post
June 14, 2023
When Senegal closed schools for nearly seven months because of COVID, it disrupted education for over 3.5 million learners. In our multi-phase study, we fill the gaps in understanding the impacts of these closures on students and the education sector broadly. In the first part of the study, we descr...
Blog Post
June 14, 2023
As new World Bank President Ajay Banga settles into 1818 H Street, he will face a sharply divided group of shareholders on the mandate of the Bank, as evidenced by the contentious debate over its role on climate and other global public goods (GPGs). Most shareholders have weighed into this debate,...
Blog Post
June 13, 2023
Subsequent statements and declarations made it fairly clear that all $100 billion was meant to be new and additional –presumably ‘new and additional’ to existing financial transfers to developing countries. But there is no consensus definition of “new and additional climate finance.” That raises th...
Blog Post
June 13, 2023
School feeding is one of those social policy interventions that are hard to pigeonhole in traditional sectors. The benefits span various facets of the beneficiaries’ lives and the local economy. So who should bear the responsibility and cost of provision of school meals? Despite strong political and...