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Blog Post
April 22, 2022
Global debt has reached an unprecedented high, surpassing levels experienced in the infamous 1980s crisis. For debt-burdened countries, the COVID-19 pandemic has severely impacted their repayment capacity due to increased crisis spending. Low-income countries (LICs) are experiencing the brunt of thi...
Op-Ed
April 13, 2022
They are the world’s forgotten poor, invisible to the financial markets, barely noticed because, understandably, the focus is on Ukraine, but nearly 800 million of the world’s poorest people are about to be trapped by an onrushing food crisis caused by soaring prices, fuelled by shortages and exacer...
Blog Post
January 31, 2022
This month marks the one-year anniversary of CGD’s COVID-19 Gender and Development Initiative. Through the initiative, my colleagues have produced research, convened dialogues, and developed evidence-based policy proposals, all aimed at contributing to a more inclusive global recovery from the COVID...
Blog Post
January 18, 2022
When the pandemic first struck, dealing with excessive debt and debt service burdens of developing countries figured prominently on the international response agenda. The G20 produced the Debt Service Suspension Initiative (DSSI)—a program to defer official debt service due by mostly low-income coun...
Blog Post
December 10, 2021
In 2021, the ongoing grip of COVID-19 served as a stark reminder of the fragility of our progress in fighting poverty and COP26 highlighted the need for richer countries to provide substantial funding to meet global challenges. As the twin crises of a global pandemic and climate change threaten to l...
Op-Ed
December 08, 2021
Since the Taliban took power in Afghanistan, the US and its allies have watched and waited to see how the group would govern before deciding whether to recognize their leadership and lift financial sanctions. But as critical programs run out of funding and the threat of mass starvation looms, this a...