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In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Tao Zhang, Deputy Managing Director, International Monetary Fund
Sean Nolan, Deputy Director, Strategy and Policy Review, International Monetary Fund
Anna Gelpern, Nonresident Senior Fellow, Peter G. Peterson Institute for International Economics and Professor of Law, Georgetown Law
Mark Plant, Director of Development Finance and Senior Policy Fellow, Center for Global Development
Some of the world’s poorest countries run the risk of building up a debt pile too high for their economies to support, according to the latest IMF report. The Center for Global Development will host the International Monetary Fund (IMF) to discuss the causes for the debt build up and possible ways forward at the launch of Macroeconomic Developments and Prospects in Low-Income Developing Countries (LIDCs) – 2018. This is the fourth annual report in a series by the IMF that looks at trends and socioeconomic indicators of LIDCs. Key findings from the 2018 report and some questions to be discussed include:
Growth improved broadly across LIDCs in 2017, but output growth in commodity exporters continues to lag behind levels achieved in 2010-14. How can this momentum be maintained and what are the risks to more favorable outlook?
There has been a broad-based weakening of fiscal positions in LIDCs in recent years, with fiscal deficits widening in some 70 percent of LIDCs between 2010-14 and 2017. Has this translated into more productive investment? What has been the impact on the financial sector?
Debt burdens and vulnerabilities have risen significantly since 2013 in many LIDCs, reflecting a mix of factors including exogenous shocks and loose fiscal policies. What are the risks of debt distress becoming an endemic problem?
The composition of public debt in LIDCs continues to shift from traditional sources towards non-Paris Club bilateral lenders, commercial external debt, and domestic debt. What challenges does this pose for developing countries and their creditors going forward?
The event will open with remarks from IMF Deputy Managing Director Tao Zhang before moving into a panel discussion moderated by Center for Global Development’s Director of Development Finance and Senior Policy Fellow, Mark Plant.
The Center for Global Development (CGD) and The Global Financing Facility (GFF) invite you to the co-hosted Twitter Chat: Global Financing Facility: Investing in People. This interactive chat will discuss the details of GFF’s results-based model, its approach to sustainable global health financing, and scaling the impact of this innovative program over its planned expansion period (2018-2023).
Our previous research, Are Refugees Located Near Job Opportunities? reveals that there are as many as 2.1 million working-age refugees in major urban areas in developing countries. However, in most developing countries, refugees lack the right to work and own a business, and face a variety of other barriers to employment such as limited freedom of movement. CGD’s Michael Clemens, Cindy Huang, and Jimmy Graham have produced a new working paper and policy brief—The economic and fiscal effects of granting refugees formal labor market access—that finds granting refugees formal labor market access has the potential to create substantial benefits for refugees and their hosts. These include greater productivity, increased tax revenues and incomes for hosts, and greater economic security and stability for refugees. Join us for a discussion of the central findings of the paper and recommended policies that can facilitate these benefits and mitigate potential costs.
On the sidelines of the World Bank and IMF Annual Meetings in Bali, the Center for Global Development, the International Development Finance Club (IDFC), and the Organization for Economic Co-operation and Development (OECD) are pleased to co-host an event, The Changing Role of Development Banks with a Public Mandate in the 2030 Agenda.
The session will focus on the United Nations’ 2030 Agenda, framed by the Sustainable Development Goals (SDGs), and how national and regional development banks can support policy development and financing of these ambitious goals. The Center for Global Development and the IDFC will present their findings on how the twenty-three IDFC development banks are aligning with SDGs and how these banks are evolving to promote sustainable development pathways in the long run. The OECD will discuss the role that emerging economies’ development banks can play in mobilizing the private sector to assist in funding the SDGs. The presentations will be followed by a panel discussion and a reception.
Every year, more than 5 million women, children and adolescents die from preventable conditions, due to a significant financing gap for healthcare for women, children and adolescents, and inadequate incentives for provision and use of quality health services, among other factors. The Global Financing Facility (GFF) in support of Every Woman Every Child is a new approach to sustainable global health financing that is supporting countries’ approaches to financing and investing in the health of their people.