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Blog Post
April 05, 2022
Ukraine has close to $2.7 billion in principal and interest payments due to the World Bank and IMF in 2022. The government of Ukraine should not be expected to repay its debt to the international financial institutions (IFIs) while it is mobilizing all its resources to fend off the Russian invasion...
Blog Post
February 17, 2022
While Fitch had lowered Ghana’s rating in January, S&P opted to maintain its B-rating with a stable outlook pointing to Ghana’s solid growth prospects over the coming years. These divergent actions—and strong market reactions—are a reminder of the tremendous weight that investors put into assess...
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...