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Blog Post
March 09, 2023
Many advanced-economy countries are looking for ways to recycle their excess Special Drawing Rights (SDRs) to support more vulnerable countries whose economies are being buffeted by the economic aftermath of the COVID-19 pandemic and the Russian invasion of Ukraine. The G20 has pledged $100 billion ...
Blog Post
March 07, 2023
Here, we look at five lessons which can be drawn from this experience for the UK and other donors for providing aid in fragile contexts, and argue that an alternative approach could have been more successful—and remains a viable option for re-engaging with Afghanistan in the future.
Blog Post
March 06, 2023
In a new paper, Zack Gehan and I present scenarios for the global economy in 2050. These scenarios build on a forecast of economic growth built around income, population, education, and temperature. The process suggests a considerable degree of uncertainty about how the world will look in three de...
POLICY PAPERS
February 27, 2023
Health aid has helped domestic financing achieve historic gains in global health but there is much still to be done. Six major issues prevent aid from being more effective, fit for the future, and aligned with country priorities: funding volatility, aid fragmentation, the displacement of domestic fi...
Blog Post
February 21, 2023
The IMF’s new Resilience and Sustainability Trust (RST) is now up and running, with the first countries receiving commitments of financial support. But if lending from the RST is to achieve its objectives, the IMF should take a radically different approach in applying conditions to the loans.
CGD NOTES
January 17, 2023
This CGD note summarizes the implications of the macroeconomic context and broader financing outlook for domestic and external health spending and proposes a “menu” of policy options to keep health spending on track and blunt negative impacts on health systems and population health around the world.
Blog Post
January 13, 2023
The new year has hardly begun, but fears of a looming recession persist. Pandemic-era increases in health spending are unlikely to continue in low- and middle-income countries. Growing fiscal pressures—such as high debt, increasing interest rates, and declining foreign aid and revenues—bode ominous...
Blog Post
January 10, 2023
At COP27 last November, the parties agreed to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters. Governments also agreed to establish a “transitional committee” to make recommendations on how to operationalize both the new funding arrangements and the fund at C...
Blog Post
January 09, 2023
The past year was tumultuous for SDRs, but we’ve now managed to decipher the annual report and extract the must-knows to help you have a more enjoyable experience when you read it! The report covers the first year after the historic allocation of SDR 456 billion ($650 billion) in August 2021 and pro...