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.
CGD Policy Blogs
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.
Prior to the pandemic, many low-and middle-income countries were on track to expand Universal Health Coverage. To what extent can LMICs still make real progress as their economies enter some of the most severe recessions in centuries?
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.
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.
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.
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.
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)
This January, China’s State Council, the country’s chief administrative authority, released a long-awaited update to its White Paper on development. The landmark document marks the culmination of a series of reforms on China’s approach to aid in the last decade, and follows on from two White Papers on foreign aid.
Following the UK government’s decision to cut aid from 0.7 to 0.5 percent of GNI, recent announcements have shown that bilateral aid is likely to receive the biggest hit, all while in the midst of a global pandemic.