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Blog Post
July 06, 2023
The IMF’s new Resilience and Sustainability Trust (RST) has gotten a lot of support from donors wanting to recycle their IMF special drawing rights (SDRs). As of June 8, total pledges for the RST amount to $40.6 billion, falling $3 billion short of the initial fundraising target. With few recycling ...
Blog Post
June 30, 2023
The European Union (EU)’s arsenal of development finance instruments comprises grants, budget support, blends of grants and loans, guarantees, and trust funds. But little attention has been paid to its macro-financial assistance (MFA) tool. Since the 1990s, it has been deployed to help countries in ...
Blog Post
June 16, 2023
The International Monetary Fund (IMF) needs more subsidy resources to continue its concessional lending to low-income countries (LICs) at current levels. Following the example set by the United Kingdom, lenders to the IMF's Poverty Reduction and Growth Trust (PRGT) can build subsidy resources into t...
Blog Post
June 02, 2023
Current resources for the IMF's PRGT are not sufficient to support continued high demand. The problem is the lack of subsidy resources, which has worsened markedly in the current environment. Donors will have to step up or PRGT lending will be curtailed. If donors don’t step up with new commitments ...
Blog Post
May 23, 2023
In November 2021, the G20 pledged to recycle $100 billion of Special Drawing Rights (SDRs) from advanced economies to more vulnerable countries. While these countries jumped on the moment to offer public promises, they've been slower to deliver on those financial commitments. But it is likely that a...
Blog Post
April 28, 2023
Despite a steady rise in literacy rates over the past 50 years, there are more than 750 million adults worldwide who cannot read or write. While policymakers and academics have primarily focused on educating children, and for good reason, adult learning and education programs are an important compo...
WORKING PAPERS
April 28, 2023
Approximately 770 million adults worldwide are classified as illiterate. Despite the potential for adult education programs to bridge this gap, such programs are often plagued by low enrollment, high dropout, and limited skills acquisition. Recent research in educational neuroscience and economics o...
Blog Post
April 27, 2023
The IMF should be applauded for implementing the Resilience and Sustainability Facility (RSF). That said, it is highly improbable that extending RSF financing to an additional 44 countries will be feasible in the next one or two years as it would require a major change in the mindset of borrowing co...