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Blog Post
April 28, 2022
The idea that shavings of public gold sprinkled like fairy dust on private investment projects would bring to life a giant array of infrastructure and services which in turn would gift us wondrous progress in development hasn’t worked out. It is time to drop the fantasy and focus instead on the test...
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...
Blog Post
April 20, 2022
Recently, the OECD’s Development Assistance Committee (DAC) published the annual statistics summarizing how much foreign aid its 30 member states, including Austria, provided in 2021, loudly trumpeting the all time high levels of ODA achieved. It’s a good time to reflect on the uncomfortable tension...
Blog Post
April 18, 2022
As developing countries recover from the pandemic, they will need to bring their public finances to a more sustainable position by streamlining public spending and strengthening the revenue base. The need to mobilize additional resources has been exacerbated by the recent economic turmoil triggered ...
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
March 31, 2022
This blog summarizes findings from a new paper, which uses a survey of officials from development agencies and partner countries to explore these questions. Our results show that respondents think the effectiveness agenda remains useful, yet express demand for change to ensure it keeps pace with the...