CGD Podcast: The Lasting Impact of the Middle East War for Low- and Middle-Income Countries with Mohamed El-Erian and Judy Woodruff

“Whatever headwinds to development we had before—debt, climate, governance—have been made worse by the external effects of the war,” said Mohamed A. El-Erian at his inaugural event as CGD Board Chair last week. “This is happening at a time when aid flows are being cut and when private finance hasn’t stepped up,” a time in which “the world has changed” and the international development paradigm has not kept up with it.

At the event, Mohamed A. El-Erian, Rene M. Kern Professor at the Wharton School and Chief Economic Adviser at Allianz, spoke with renowned journalist and CGD Board member Judy Woodruff about the Middle East War’s impacts on low- and middle-income countries.

On this episode of the CGD podcast, I’m pleased to share some highlights from that conversation, including how governments can best respond to shocks, implications for the global economy, and what to watch for in the months ahead.