With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
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.
development financing, low-income country macroeconomics, African economics
Mark Plant is director of development finance and a senior policy fellow at CGD. He is also an adjunct professor of economics at the University of Virginia. His appointment to CGD follows a long career at the International Monetary Fund (IMF), where he was most recently the director of Human Resources. Prior to that, Plant worked extensively with African countries, culminating in his appointment as deputy director of the IMF’s African Department. He also held a range of senior positions in the Strategy, Policy and Review Department, where he had oversight of the IMF’s policies towards low-income countries, including its work on the Multilateral Debt Relief Initiative (MDRI) and the Heavily Indebted Poor Countries (HIPC) Initiative. Before joining the IMF, Plant held senior positions in the US Department of Commerce and at the General Motors Corporation. He began his career teaching economics at the University of California, Los Angeles.
As countries grow to middle-income status and gain access to commercial lending, the development community is increasingly at odds as to if and how multilateral development banks (MDBs) should continue to lend to middle-income countries (MICs). Part of the community is of the view that MDB lending and technical assistance should be directed to lower-income countries, whose access to finance is limited, technical capacity is most strained, and poverty is more deeply entrenched. Nonetheless, the development challenge remains in most middle-income countries, where the greatest number of poor people reside, and significant progress needs to be made to meet the 2030 Sustainable Development Goals. Also, MICs can often make a significant contribution to various global public goods, including climate change mitigation, limiting pandemic disease, and international migration. There is also an opportunity for so called “south-to-south” learning, intermediated by the MDBs.
This panel will discuss the issues confronting MDBs and their MIC clients in shaping their interaction for the next 10-20 years. It will be moderated by CGD’s President, Masood Ahmed.
Penny Mordaunt has been confirmed as the UK’s new Secretary of State for Development. Coming fresh to an agenda can be a major asset, but it can be hard to pick out the things that really matter. As civil servants dust off their detailed briefs, we try to stand back and identify five points that we think are important to understand about the UK’s role in global development on Day 1 in the job.