Ideas to Action:

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CGD Policy Blogs

 

A map of the fatalities due to terrorism across the world, 2018.

Avoiding the High Fiscal Costs of Terrorism in the Post-COVID Era

The COVID-19 pandemic has pushed 120 million people across the globe into extreme poverty, and the limited data available thus far suggests that the wealth of extremely rich individuals has risen at the same time. In this blog post, we provide new evidence that in addition to its human cost, terrorism can have important consequences for public budgets. Most of the costs of terrorism—like loss of life and political upheaval—are well-known, but the macroeconomic and fiscal impacts are less well understood.

An image of US dollars and Euro's.

How Can Countries Use their SDRs?

A new allocation of Special Drawing Rights (SDRs) amounting to some $650 billion is now expected the end of August. This allocation of an IMF reserve asset, intended to help countries weather the economic crisis created by COVID-19, will be more than 2½ times the size of the last allocation and substantially boost countries’ gross international reserves. For many low- and middle-income countries (LMICs) these added reserves will provide policymakers much needed room for maneuver as they continue to struggle with huge economic impact of the global pandemic and its aftermath.

The US capitol building

How Congress Is Turning DFC into an Agency Serving Poland and Israel but not Senegal or Ghana

The US International Development Finance Corporation (DFC) is the $60 billion agency that’s supposed to catalyze investment to capital-starved countries, bolster job-creation in emerging markets, and support US foreign policy. The BUILD Act which created the DFC was a bipartisan bill, carefully crafted to overcome long-standing objections from both liberals and conservatives to its beleaguered predecessor agency.  Recent actions from the Hill and the White House, each one arguably unobjectionable on its own, all add up to a highly worrying erosion of the DFC’s mandate—that threaten both the political bargain that sustains the agency and US strategic goals across Africa.

Dorothee Mbogo operates a “call box” roadside retail stand in Batchenga, Cameroon

Gender and Social Protection in the Era of COVID-19

Through CGD’s COVID-19 Gender and Development Initiative, the Social Protection Approaches to COVID-19: Expert Advice Helpline (SPACE) and ODI’s research project on social protection response to Covid-19 and beyond, we have each explored the ways in which the crisis has magnified various forms of gender inequality, how social protection efforts aim to address these inequalities, (or in some cases may risk exacerbating them), and propose recommendations to ensure an inclusive recovery, including by harnessing gender-informed social protection.

A woman handles her cash at a table

Did You Hear What Melinda French Gates Said Today?

Today, Melinda French Gates announced that the Bill & Melinda Gates Foundation will make a five year $650 million commitment to furthering economic empowerment for women around the globe - and that the commitment will focus in three areas: cash, care, and data. Sound familiar? That’s because this is the three pronged plan that CGD researchers with our COVID-19 Gender & Development Initiative proposed for how global decision makers can help ensure an inclusive recovery -- one that equitably benefits women and girls.

An image of a lightbulb with coins.

MDBs Could Do More to Build Markets Just By Releasing More Data

You may have missed a recent dry-sounding but groundbreaking report, Default Statistics: Private and Sub-Sovereign Lending 2001-2019. It summarizes data from the Global Emerging Markets (GEMs) Risk Database for a set of 11 multilateral development banks (MDBs) and development finance institutions (DFIs) on default rates on their credits to private and sub-sovereign borrowers, which accounted for 82 percent of exposure in 2019.

Woman being screened for cervical cancer at the Kwale rural clinic in Kenya. Three women sit on a bench in front of a mural, with two children and another woman sanding to the side.

Increasing Accountability for Generation Equality Commitments through OGP

This coming week at the Generation Equality Forum in Paris, governments and partners across sectors will come together to make concrete commitments to move the needle on gender equity and inclusion. The timing cannot be more vital, especially as the pandemic has unveiled the many systemic inequalities and services that are failing to meet women’s needs, hindering our collective ability to build back better and renew our societies.

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