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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...
POLICY PAPERS
September 20, 2022
While all corners of the world have been touched by COVID-19, countries’ experiences with the virus have certainly not been universal. Staggering divergences in outcomes between countries—in terms of lives lost, economic carnage, secondary health losses, learning loss, and social trust and cohesion,...
CGD NOTES
August 31, 2022
When the G20 pledges of $100 billion of SDR recycling materialize, there will no doubt be much self-congratulatory celebration. But the celebrations will be meaningless if the SDRs do not make their way to the low- and middle-income countries (LMICs) that need them. Will we be able to tell if the SD...
Blog Post
August 31, 2022
In an attempt to make SDR data a bit more decipherable—and because exploring SDRs data can be quite amusing (despite what your friends and family might say)—we have decided to publish our own monthly updates on the SDR holdings data in the form of a blog post. In each post we’ll highlight the mechan...
Blog Post
August 18, 2022
Last month, the International Monetary Fund (IMF) Board approved the institution’s first Gender Mainstreaming Strategy. This is good news—and the process used by the IMF gender team to draft and seek feedback on the strategy bodes well for the implementation of this important work. But the proof of...
Blog Post
August 04, 2022
At the July G20 meeting of finance ministers and central bank governors, a panel of experts (of which I was one) presented their report on the capital adequacy of the MDBs. Why care? the answer, quite simply, is that hundreds of billions of dollars are at stake. As with any bank, small changes in th...