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WORKING PAPERS
July 13, 2021
Using microsimulations, we assess whether budget neutral universal income floors are fiscally viable in twelve SSA countries. We consider three universal basic income (UBI) scenarios of decreasing levels of generosity: poverty line, average poverty gap, and current spending on transfers and subsidie...
Blog Post
April 08, 2021
The last eighteen months have shattered any pretense that global development can be taken as given. As ‘impatient optimist’ Bill Gates declared “The COVID-19 pandemic has not only stopped progress — it's pushed it backwards.” Beyond health, the COVID-19 crisis increased global poverty as well as nat...
Blog Post
February 09, 2021
The market value of the IMF’s gold—about US$170 billion at end 2020—far exceeds its historic cost on the Fund’s balance sheet of under $5 billion. Not surprisingly, this has led some to see the IMF’s gold as a “free” resource that should be tapped to meet pressing global needs. And these calls have ...
CGD NOTES
February 09, 2021
The IMF’s concessional support for low-income countries (LICs) is provided primarily through the Poverty Reduction and Growth Trust (PRGT). Since the start of the pandemic, lending from the PRGT has risen very sharply in response to the unprecedented and urgent needs of LICs; total PRGT credit outst...
Blog Post
October 21, 2020
It is to be expected that this accumulation of negative shocks will translate into an increase in poverty and inequality, but what order of magnitude are we talking about? Which income group is being most affected? To what extent have mitigation measures been able to contain the impact?
WORKING PAPERS
October 21, 2020
Based on the economic sector in which household members work, we use microsimulation to estimate the distributional consequences of COVID-19-induced lockdown policies in Argentina, Brazil, Colombia and Mexico. Our estimates of the poverty consequences are worse than many others’ projections because ...
Blog Post
October 16, 2020
This week the IMF released new global economic growth projections in the face of COVID-19, updating their earlier projections from June and from April before that. In recent weeks, the World Bank has also released new projections for various regions. Here are six takeaways that we gleaned from revie...