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A map showing the students who have received the most education in the last year (darker colors represent more education)

It’s Been a Year Since Schools Started to Close Due to COVID-19

Twelve months ago, the world was watching as schools closed across China and millions of students began learning online from their homes. Most of us didn’t think for a moment that just a few weeks later, almost every country in the world would close their schools and the education of more than a billion children would be disrupted. Since then, millions of students have not had any school-based, face-to-face education.

An image of a vaccine contract

Release COVID-19 Vaccine Contracts

Drugs created with billions in government support, bought almost exclusively by governments and international agencies are shrouded in secrecy: who is paying how much for delivery of what by when is a matter of guesswork and estimate.

A close up of an oxygen tank and note paper with data filled in

We Can Stop Preventable COVID Deaths by Urgently Prioritising Medical Oxygen and Essential Critical Care

The COVID-19 pandemic is a critical illness crisis, with more than two million deaths worldwide and hospitals overburdened with 67 percent of COVID-19 admissions requiring oxygen. With the emergence of new variants and the rise of second or third epidemic waves, there is unprecedented demand for oxygen as a life-sustaining, first-line therapeutic and an essential resource when caring for the critically ill.

Honduran migrants are shown lining up in a parking lot

The Missing Piece in Biden’s Plan for Central America: Bilateral Labor Agreements

Last week, President Biden issued a new Executive Order aiming, among other things, to “enhance access for individuals from the Northern Triangle to visa programs.” This is a big opportunity for the United States. People from this region need access to lawful migration pathways, and it is now the policy of the U.S. government to build them. The Administration can build those pathways today by signing bilateral labor agreements with Northern Triangle governments.

An image showing several gold bars.

The IMF’s Gold: A Global Resource or a Chimera?

The market value of the IMF’s gold—about US$170 billion at end 2020—far exceeds its historic cost on the Fund’s balance sheet of under $5 billion. Not surprisingly, this has led some to see the IMF’s gold as a “free” resource that should be tapped to meet pressing global needs. And these calls have become louder as the demands of meeting new challenges—from climate change to the pandemic—have confronted flat or shrinking aid budgets.

An image of a colourful African market

Enabling Substantial IMF Lending to Low-Income Countries for the Recovery

As global leaders begin to put together an international financing package to help low-income countries (LICs) recover from the COVID-19 crisis, they are looking to the International Monetary Fund (IMF) to be a critical financial and policy anchor for LIC’s sustainable economic recovery. We propose a five-step plan that ensures sufficient resources are available to meet a high level of demand for new loans over the next few years.

An image of Euros in front of the European flag

The End of the Battle of the European Banks? “Status Quo Plus” Emerges as the Winner

It’s been almost a year and a half since the High-Level Group of Wise Persons published its report, setting out options for consolidating and streamlining the European development finance architecture. That report generated a sparring match between the two European development banks—the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) —as to which was better placed to become the new European Climate and Sustainable Development Bank (ECSDB)

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