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CGD Policy Blogs
CGD colleagues raised questions and concerns at the time of the announcement. In weighing his possibly presidency, an especially salient question becomes: can Claver-Carone deliver a general capital increase (GCI)?
Not DFC’s Best Kodak Moment: Five Questions About the Development Agency’s First Domestic Investment
DFC’s first domestic DPA loan is an opportunity to have a fresh look at the program and raise a new round of questions for the agency.
The latest G20 finance ministers meeting concluded with no major progress on debt relief for the world’s poorest countries, and a few setbacks. To date, no country eligible for the G20’s Debt Service Suspension Initiative has requested a moratorium on their private sector debt. We are at an impasse.
At the end of June, DFC launched the first iteration of its Impact Quotient (IQ) development measurement tool, a new process that will rate a project’s likely results. DFC plans to use IQ at every stage of the investment process—from concept and selection, to implementation and monitoring—to assess the developmental impact of its investments.
DFC put its foot on the pedal in its second board meeting. It is starting to lay the groundwork for a portfolio that is more skewed towards the difficult markets where its development dollars can have most impact. Over the coming months we also hope to see a portfolio expansion in LICs commensurate with the growth in LMICs.
More World Bank Borrowers Will Need Grants, Not Loans. As a Result, More World Bank Donors Will Need to Pony Up
Rather than providing relief on repayments from existing loans, IDA’s debt sustainability framework adjusts future financing from loans to grants for countries at high risk of debt distress. But what happens to IDA’s loans-to-grants model when a large number of IDA countries trigger the risk thresholds? Can IDA afford its commitment to debt sustainability?
President Trump recently delegated authority—under the Defense Production Act—to the US International Development Finance Corporation (DFC) to support domestic production of medical equipment.
In a new paper, we explore several channels for successful DFC interagency coordination—both in Washington and in the field. Each agency can help advance specific objectives related to DFC’s development mandate.
Let’s unpack our arguments for why a debt standstill would be the wrong move for IDA at this point in time.