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CGD in the News
May 05, 2022
Developing countries are worried the Fed waited too long to begin its anti-inflationary campaign and will be forced to raise rates so aggressively it causes a hard landing that hurts the United States and developing countries alike. “They would have been much better off if the Fed would have reacted...
Op-Ed
January 28, 2022
Consider the situation. Faced with growing fiscal stress, the government of an energy exporting country decides to cut generous subsidies, doubling the fuel price overnight.
Protestors are out on the streets, clashing violently with security forces called in to maintain law and order. They vent t...
CGD in the News
July 29, 2021
It was an inauguration like no other in Peru’s recent history. Pedro Castillo, the new left-wing president, took office on July 28th following the narrowest of electoral victories in a bitterly divided country. But he delayed naming his cabinet until the following days, leaving Peru temporarily...