Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Image of citizens for fiscal policy

While Creating Fiscal Space for COVID-19 in Developing Countries, Be Sure to Consult Civil Society

Even as the COVID-19 curve begins to flatten in the Northern Hemisphere, the developing world is just starting to feel its onslaught. Just as in the United States, where some of the most effective responses to the global pandemic are generated locally, the success of developing countries will also be determined by the actions of local leaders, citizens, and organizations—including fiscal responses.

A delivery man in PPE exits his truck

Never Let a Crisis Go To Waste

The coronavirus is spreading and for the first time in history virtually all people on earth are faced with the same, imminent common threat. With multifold stories of individual suffering and an unprecedented global lockdown, there is an intensifying call for an internationally coordinated response; it is in every country’s interest to think and act globally.

Stock photo of a pile of money getting larger. Adobe Stock

Mobilizing $400 Billion: Using the Visible Hand of Development Banks

Is the crisis a signal on how devastating the great problems confronting our future could be in a world that is not prepared for them, in particular to face challenges such as major inequalities, the climate emergency, and the loss of nature. The way in which our world produces and consumes, calls for a recovery that would also imply a structural transformation towards a more inclusive and sustainable economic model. DBs could be a great contributor to such a transformation.

A stock photo of a see-through piggy bank. Adobe Stock.

A Reckoning for China’s Opaque Overseas Lending

We are so accustomed to the Chinese government’s lack of transparency that the opaqueness of China’s overseas loans seems unremarkable at this point. But as we face what inevitably looks like a global debt crisis, one that is likely to hit low-income countries particularly hard, a clear accounting of the scale of the problem is critical. 

Pages