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CGD NOTES
December 02, 2021
The UK has historically prioritised poverty reduction in its aid spending, focusing finance where it is most needed. In this note, we assess the poverty focus of the UK’s bilateral official development assistance (ODA) over the past decade and compare this to other major donors. To do so, we examine...
CGD NOTES
November 15, 2021
IDA, the World Bank’s concessional fund, was set up 1960 to provide affordable finance to countries with the smallest economies, lowest per capita incomes and lowest creditworthiness. The goal was to help those countries to grow faster and more equally and thereby sustainably to reduce poverty. IDA ...
POLICY PAPERS
November 10, 2021
An increasing share of official development assistance is being used for climate-related activities. This trend is continuing despite the lack of comprehensive cost-effectiveness evidence to guide spending decisions and continuing concerns that few applications are effective or efficient mechanisms ...
CGD NOTES
November 01, 2021
After more than a year of grappling with the economic effects of the COVID-19 pandemic, many middle-income countries (MICs) will continue to experience health and economic dislocation for some time to come. While much of the global financial community’s attention has focused on supporting low-income...
POLICY PAPERS
October 26, 2021
Finance institutions take money from foreign aid budgets to invest in private enterprises. How much should they be given? We can make some progress on that question by looking at the return on investment in the form of higher real incomes for workers and customers, and comparing that to a cash trans...
CGD NOTES
October 12, 2021
In this note we consider the technical challenges of channeling SDRs to institutions other than the IMF that have already been approved as ‘prescribed holders’ of SDRs. This innovation, operating in addition to the options described above, would have the potential to significantly increase the volum...
CGD NOTES
October 12, 2021
The phrase “giving with one hand while taking with the other” has rarely been more appropriate than in examining the UK’s recent approach to the aid budget. Under current plans, by increasing its contributions to the IMF’s concessional lending pot, the UK will actually reduce the amount of aid avail...
CGD NOTES
September 30, 2021
The IMF should set up a Global Resilience Trust (GRT) without delay, allowing at least $50 billion from the recent special drawing rights (SDR) allocation to be channeled to low- and middle-income countries. In an earlier note, we explained the elements needed for the GRT to meet these va...
CGD NOTES
September 23, 2021
The August 23 allocation of SDRs has given low- and middle-income countries (LMICs) breathing space on their balance sheets to confront the monetary and fiscal challenges of the economic crisis induced by the COVID-19 pandemic. In the next few weeks, at the UN General Assembly meetings and the annua...