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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

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Citizens of the World, Reunite!

The COVID-19 pandemic has reinforced destructive nationalism, but it has also highlighted the necessity of international collaboration. Global-minded citizens—starting in the United States—must now push their governments to cooperate and support multilateral institutions

A word cloud of the most common words in the linked articles, shaped like the world.

The Economic Impact of COVID-19 around the World: Remittances, Updated Growth and Poverty Projections, and the Reintroduction of Barter in Fiji

Food supply disruption, rising poverty, and deteriorating industries remain top concerns, as countries consider “exit strategies” for reopening business and lifting lockdowns in a bid to avoid the worsening economic crisis. Here is a roundup of the most recent analysis from Africa, Asia, the Middle East and North Africa, and Latin America and the Caribbean.

Various world currencies. Adobe Stock.

Can DFIs Be First Responders in a Crisis?

You might find this question odd. After all, since the outbreak of COVID-19, the development finance institutions DFIs have been busy announcing financial goals for crisis response, and offering reassurances of proactive stances. But it is important to recall at this moment that their financial models are not well suited for the purpose of crisis response. In this blog we explore their challenges and suggest how they can stretch and deploy their capital effectively at this moment of global crisis.

An image of money, to illustrate the proposal for special drawing rights

New SDRs? That Pesky 85 Percent Approval

Last week Senator Bernie Sanders and Congresswoman Ilhan Omar sent a letter signed by hundreds of lawmakers from 40 countries to the heads of the International Monetary Fund (IMF) and the World Bank, urging them to greatly increase the access of developing countries to financial assistance. They called for a new issue of Special Drawing Rights (SDRs) at the IMF, echoing the earlier plea of Gordon Brown and Larry Summers for at least $1 trillion in new SDRs.

Why the COVID Crisis Is Not Edtech’s Moment in Africa

With schools closed for hundreds of million students around the world, many have hoped that “edtech” can help keep children learning via internet, apps, and mobiles. A new database published by the EdTech Hub shows that though use of edtech products serving African countries has doubled in the last month, the total number of users is still very low, and most were viewers of one TV show. That, coupled with the fact that most firms come from just a few countries, suggests that edtech in Africa is far from maturity.

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