
Maximizing IDA's COVID-19 Crisis Response: Why a Debt Standstill Isn’t the Right Approach (For Now)
Let’s unpack our arguments for why a debt standstill would be the wrong move for IDA at this point in time.
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Let’s unpack our arguments for why a debt standstill would be the wrong move for IDA at this point in time.
In retrospect, the scale up in MDB financing during the 2008-2010 crisis, though significant, now looks conservative as we consider the potential scale of damage from the current COVID-19 pandemic. To put the question bluntly, if the human and economic devastation follows a worst-case scenario, just how much could the MDBs do to respond? We attempt to answer that question by assessing the legal, rather than prudential, constraints on MDB lending.
The grim picture for SDG-related infrastructure finance in low-income countries (LICs) is by now familiar. Nancy Lee examines salient evidence about the state of funding for infrastructure in LMICs.
Spring has finally sprung in Washington, DC! And that also means a series of substantive discussions on today's most pressing global development issues—from private sector financing in Africa to the future of the World Bank—are springing up at the Center for Global Development. Join us next week in person or online for these important conversations that will happen alongside the World Bank and IMF Spring Meetings.
Why should countries invest in human capital? As emerging technologies impact economies and societies, how can we ensure that the most vulnerable are protected? Who will step up to finance the SDGs? Next week’s Annual Meetings of the World Bank and the IMF will convene 13,000 global policymakers, private sector executives, academics, and civil society members in Bali, Indonesia as they work to address these questions and more.
This blog entry also appeared on the Huffington Post.
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