Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

Current search

 

Humanitarian Financing Is Failing the COVID-19 Frontlines

Longstanding weaknesses in the humanitarian business model are undermining the COVID-19 response in fragile and conflict affected states. Extensive delays, poor mechanisms for tracking disbursement of funds from intermediaries to implementers, and persistent obstacles to financing local actors are preventing funds from reaching organizations on the frontlines of the COVID-19 fight. Donor governments have generously contributed nearly $2.5bn in humanitarian COVID-19 financing.

An image of the COVID-19 virus

As Global Health Players Pivot To COVID-19 Responses, We Need Coordinated, Real-Time, Formative Evaluations

An estimated $15.9 trillion has been mobilised to respond to the health and economic impact of the COVID-19 pandemic. Some of this has gone to multilateral and bilateral funders to support low- and middle-income countries’ (LMIC) governments. But how is this money being spent, and how is it impacting country budgets and expenditure more broadly?

An image of money, to illustrate the proposal for special drawing rights

New SDRs? That Pesky 85 Percent Approval

Last week Senator Bernie Sanders and Congresswoman Ilhan Omar sent a letter signed by hundreds of lawmakers from 40 countries to the heads of the International Monetary Fund (IMF) and the World Bank, urging them to greatly increase the access of developing countries to financial assistance. They called for a new issue of Special Drawing Rights (SDRs) at the IMF, echoing the earlier plea of Gordon Brown and Larry Summers for at least $1 trillion in new SDRs.

The flyer for the event

Economic Perspectives in Latin America: Navigating the Great Lockdown

In late April, CGD’s senior fellow Liliana Rojas-Suarez and distinguished non-resident fellow Mauricio Cárdenas participated in an event organized by Columbia University to discuss the economic prospects in Latin America. They were joined by the director of sovereign ratings at Fitch, Richard Francis, and the director of the Western Hemisphere department at the IMF, Alejandro Werner

Pages