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Blog Post
June 10, 2024
In a new CGD paper, the CAF review holds an important lesson for the IMF which, if acted on, could allow it to greatly increase its support for low-income countries (LICs) while maintaining its robust financial buffers.
The paper also summarizes the financial structure of the IMF’s General Resourc...
Blog Post
June 05, 2024
Addressing the unprecedented levels of irregular migration requires a fundamental shift in understanding the problem: People come whenever there are jobs to be filled in the American economy. It is true today, and it has been true for decades. That is main finding from my new study analyzing nearly ...
Blog Post
May 15, 2024
On Friday, May 10, 2024, the IMF Executive Board approved the recycling of special drawing rights (SDRs) to multilateral development banks (MDBs) for use as hybrid capital. It took a long time to get to this point, and the IMF should be congratulated for overcoming strong opposition, even from some ...
Blog Post
May 10, 2024
Here is a Mother’s Day shout-out to all the mothers working at international financial institutions (IFIs) around the world, and especially to mothers at the two banks I know best: the World Bank and the Inter-American Development Bank, where I worked for a total of almost two decades with at least ...
Blog Post
April 09, 2024
It's spring in DC, which means it's time once again for the IMF-World Bank Spring Meetings. Finance ministers, central bank governors, and other top officials from around the world gather to discuss the state of the world economy and the international financial architecture, and CGD's researchers ar...
Blog Post
March 26, 2024
There was a very disappointing development at the IMF Executive Board earlier this month—the postponement of a formal decision on whether special drawing rights (SDRs) could be recycled to the hybrid capital scheme proposed by two multilateral development banks (MDBs), the African Development Bank (...
Blog Post
March 18, 2024
Against the odds, a plucky little IMF engine—the Resilience and Sustainability Trust, or RST—has won plaudits for its efforts to support countries formulating policies to tackle climate change. It has taken up the challenge with only $30 billion as firepower, against the trillions needed from all ...
Blog Post
January 17, 2024
Two facts on gender gaps stand out. First, given current trends and policies, gender equality is not likely to be achieved. Second, gender equality is macrocritical. In other words, narrowing gender disparities leads to better macroeconomic outcomes—higher economic growth, greater financial stabilit...
Blog Post
December 14, 2023
The US labor market has changed a lot since 1991, but the federal list of shortage occupations, which impacts employers and immigrant workers alike, has not. Now, for the first time in decades, the US Department of Labor (DOL) will soon be seeking information on how the Schedule A shortage occupatio...