Now more than ever women need equal access to development finance; without it, COVID-19 & DFI response efforts could potentially widen the already-significant gender gaps. Explore our new survey on gender equity in development finance.
CGD Policy Blogs
You might find this question odd. After all, since the outbreak of COVID-19, the development finance institutions DFIs have been busy announcing financial goals for crisis response, and offering reassurances of proactive stances. But it is important to recall at this moment that their financial models are not well suited for the purpose of crisis response. In this blog we explore their challenges and suggest how they can stretch and deploy their capital effectively at this moment of global crisis.
Let’s unpack our arguments for why a debt standstill would be the wrong move for IDA at this point in time.
Calling All Official Bilateral Creditors to Poor Countries: Switch to IDA Concessional Terms as Part of COVID-19 Response
Overall public debt in IDA countries has risen rapidly since before the global financial crisis; and while debt to private creditors (mostly in the form of bonds or bank loans) has increased, the biggest increases have come from multilateral and official bilateral credits.
Gender gaps in participation in the labor force, entrepreneurship, pay, share of senior management, and executive board positions–as well as access to finance, markets, and skills–have been well documented. But how far do development finance providers truly support gender equality?