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Blog Post
November 08, 2022
The increasingly global nature of development challenges—including climate change, security, and pandemic response—is laying bare the reality that global solutions are needed, and that the traditional model of development as resources flowing from “North” to “South” is not only insufficient for meet...
WORKING PAPERS
October 31, 2022
We construct a novel database covering more than 450 fiscal consolidation episodes in 185 countries during the period 1979-2019. Using discrete choice models, we then examine the (broader macroeconomic and political) factors motivating these fiscal consolidation episodes.
Blog Post
October 24, 2022
Low- and middle-income countries face severe health budget constraints while also dealing with complex and evolving disease burdens. Ministries of health need cost information to allocate resources efficiently. We've developed a step-by-step guide to a method known as “time-driven activity-based cos...
POLICY PAPERS
October 24, 2022
Cost information is essential for priority setting and optimized resource allocation in the healthcare sector, especially in low- and middle-income countries where resource constraints and opportunity costs are significant. Time-driven activity-based costing (TDABC) has gained prominence as a means ...
Blog Post
October 04, 2022
The 2021 allocation of $650 billion of Special Drawing Rights (SDRs) was heralded by many as a needed shot in the arm to the global economy. While many countries have made good use of their part of the SDR pie, the hope that advanced economies would share their excess SDRs with more vulnerable coun...
POLICY PAPERS
October 04, 2022
Global reserves can serve as a global public good, facilitating the short-term global recovery from the economic impacts of the pandemic and Russian invasion of Ukraine, as well as the longer-term global transition to a sustainable and equitable economic future. Strategic allocation of Special Drawi...
Blog Post
September 29, 2022
The scale of IMF lending to low-income countries since 2020, carried out through the Poverty Reduction and Growth Trust (PRGT), was a bright spot in the otherwise lackluster multilateral response to the pandemic. But the rise in lending stretched thin the PRGT’s resources. The size of the resulting ...
POLICY PAPERS
September 29, 2022
The IMF’s concessional lending to low-income countries through its Poverty Reduction and Growth Trust (PRGT) has risen dramatically since the start of the pandemic and demand for the PRGT resources is expected to remain above pre-pandemic levels for quite some time. But the surge in lending has stra...