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WORKING PAPERS
April 23, 2024
This paper explores the potential implications of a declining absolute labor force on economic outcomes. It explores key macroeconomic variables during periods of negative and positive prime age (15-65) population growth (PAPG). These variables include 10-year bond yields, consumer price indices, fe...
Blog Post
April 23, 2024
The ongoing global demographic transition is massive in scale and likely impact. For most of the past 200 years, the vast majority of the world’s countries have seen population growth, particularly working-age population growth. As they’ve gone through the "demographic transition" toward lower birth...
Blog Post
April 09, 2024
It's spring in DC, which means it's time once again for the IMF-World Bank Spring Meetings. Finance ministers, central bank governors, and other top officials from around the world gather to discuss the state of the world economy and the international financial architecture, and CGD's researchers ar...
Blog Post
April 05, 2024
One of the most serious challenges facing the global economy today is the impending sovereign debt crisis in many middle- and low-income countries. The fiscal outlook in some of these countries appeared dire even before interest rates started climbing and spending related to COVID-19 caused debts to...
Blog Post
April 02, 2024
On July 9 and 10, the World Bank and the Center for Global Development will co-host the Annual Bank Conference on Development Economics (ABCDE). On the first day, the conference will aim to bring coherence to development policy debates by bringing together the world’s top economic minds to focus on ...
Blog Post
March 27, 2024
After an almost two-year lull, sub-Saharan African issuers are clawing their way back into international markets. In close succession, Côte d’Ivoire, Benin, and Kenya issued $4.85 billion worth of Eurobonds in the first quarter of 2024. The bond offerings were as much as six times oversubscribed, in...
Blog Post
March 26, 2024
There was a very disappointing development at the IMF Executive Board earlier this month—the postponement of a formal decision on whether special drawing rights (SDRs) could be recycled to the hybrid capital scheme proposed by two multilateral development banks (MDBs), the African Development Bank (...
Blog Post
March 18, 2024
Against the odds, a plucky little IMF engine—the Resilience and Sustainability Trust, or RST—has won plaudits for its efforts to support countries formulating policies to tackle climate change. It has taken up the challenge with only $30 billion as firepower, against the trillions needed from all ...
POLICY PAPERS
March 18, 2024
The IMF’s Resilience and Sustainability Trust (RST) has been operational for over a year, with the first seventeen countries receiving commitments of financial support. But if lending from the RST is to achieve its objectives, the IMF should make it fitter for purpose by taking a radically different...