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Blog Post
August 23, 2023
Nearly two years have passed since the G20 committed to recycling $100 billion of Special Drawing Rights (SDRs) from advanced economies to support more vulnerable countries. The most recent allocation of SDRs, the international reserve asset issued by the International Monetary Fund (IMF), was inten...
Blog Post
August 22, 2023
In an earlier paper (and blog) published in March, we assessed the initial five programs supported by the IMF’s the Resilience and Sustainability Trust (RST), a new financing vehicle designed to help countries address climate change and pandemic preparedness. Among our findings, four stood out. Firs...
Blog Post
August 21, 2023
In London, it’s hard to tell what season it is. The weather veers from wet and miserable to sunny and Mediterranean, sometimes in the course of a few hours; or indeed minutes. Today, we took our son to the Tate Modern to see the Yayoi Kusama Infinity Rooms exhibition (highly recommended, watching hi...
Blog Post
August 11, 2023
I have to open by apologising for the very patchy appearance of the Links this summer: its been a combination of last-minute leave plans, technical snafus with our emailing system and a pile-up of deadlines that means the different demands on my time have been fighting like they’re on a dock in Mont...
Blog Post
July 25, 2023
As the RST builds momentum and scores of countries seek its concessional loans and technical assistance, a new CGD paper, The Resilience and Sustainability Trust: Early Learning and Challenges from Costa Rica and Rwanda, provide early learning from the point of view of lower-income countries themsel...
POLICY PAPERS
July 25, 2023
Demand for the IMF's Resilience and Sustainability Trust (RST) is strong, and the RST is becoming the IMF’s de facto climate finance facility. At the same time, the RST faces a number of challenges, including being far too small to confront climate resilience. Early lessons from RST pilots in Costa...
Blog Post
July 24, 2023
First things first: I am extremely pleased to report that University Challenge is still brilliant with Amol Rajan as its host. All of the important things are still there: the questions are great, the students are amazing and Rajan, like Paxman, ends the show with “and it’s goodbye from me; goodbye....
Blog Post
July 14, 2023
One of the joys of being a cricket fan is following the Guardian’s Over-by-Over (OBO) commentary on the day’s cricket. I discovered it while working Malawi and trying to surreptitiously keep track of the Sri Lanka tour of England in 2006 (this was the tour in which Murali took the first 8 wickets to...
Blog Post
July 07, 2023
The ‘British summer’ used to be an oxymoron—it meant umbrellas, packing a jumper and a light raincoat as well as your sunglasses and, every four years, getting thrashed by the Australians in the cricket. Things have changed: the Aussies are still giving us a hammering (though England look like they ...