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Blog Post
February 23, 2022
On August 23rd, 2021, the IMF allocated $650 billion of Special Drawing Rights to its member countries, in proportion to their quotas. Yet many decried that the distribution of the new allocation was not aimed at those countries that needed it the most. Something had to be done, quickly, t...
TESTIMONY
February 17, 2022
On February 17, 2022, CGD Distinguished Non-Resident Fellow Daouda Sembene appeared before the National Security, International Development, and Monetary Policy Subcommittee of the House Financial Services Committee at a hearing titled “The Role of the International Monetary Fund in a Changing Globa...
Blog Post
January 21, 2022
Even as the fight to control COVID-19 at home is far from over, to bring an end to the pandemic, the administration must dramatically expand its global response work—and continue its efforts to rally the international community. Here we provide a rundown of the administration’s progress toward achie...
Blog Post
January 17, 2022
Tracking the movements of IMF special drawing rights (SDRs) can be confusing and challenging. In an effort to increase transparency around SDR transactions, the IMF released its Annual Update on SDR Trading Operations. Most of the report focuses on Voluntary Trade Arrangements, a backbone of the SDR...
Blog Post
December 02, 2021
Zainab Usman of the Carnegie Endowment for International Peace and Olumide Abimbola of the Africa Policy Research Institute join Gyude to discuss the implications of the European Green Deal for Africa, the outcomes of COP26, and the impacts of the climate crisis on pandemic recovery.
CGD NOTES
November 30, 2021
The pandemic and its economic impact have been a revealing test of the multilateral development bank (MDB) system and of individual MDBs. Although lending by the MDBs as a group rose significantly in 2020 (39 percent), this is much less than the rise in MDB lending in response to the Global Financia...
Blog Post
November 01, 2021
Lawmakers on Capitol Hill extended a lifeline to US global response efforts with the provision of supplemental funding. Early on, sums dedicated to the overseas fight were modest, but last year's end-of-year spending package included $4 billion for Gavi, the Vaccine Alliance—to support the multilate...
CGD NOTES
November 01, 2021
After more than a year of grappling with the economic effects of the COVID-19 pandemic, many middle-income countries (MICs) will continue to experience health and economic dislocation for some time to come. While much of the global financial community’s attention has focused on supporting low-income...
Blog Post
October 13, 2021
The World Bank’s International Development Association (IDA), the largest single source of concessional financing for development in lower-income countries, is under-utilized in the world’s fight against pandemics, and can deploy its resources and expertise to play a much more significant role in th...