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Blog Post
September 22, 2023
The IMF has now approved ten new loans to countries under its new Resilience and Sustainability Trust (RST), established in 2022 to provide financial support on concessional terms to countries facing long-term structural challenges arising from two key threats: climate change and pandemic preparedne...
Blog Post
January 19, 2023
Kenya has become a poster child for digitally driven development. Known as “Silicon Savannah,” the country has a multi-billion-dollar tech industry that routinely produces startups. Among its most prominent successes is M-Pesa. Launched in 2007, the mobile wallet service revolutionized how Kenyans t...
POLICY PAPERS
January 19, 2023
This study surveys Kenya's electronic payment system for social benefits, Inua Jamii, from the perspective of recipients, including their views on convenience and the benefits from competition. It also considers whether these digital G2P payments programs have increased financial inclusion more gene...
Oct
25
2022
1:00—2:00 PM Eastern Time (US and Canada), 5:00 -6:00pm GMT/ 6:00 – 7:00pm British Summer Time (BST)
October 19, 2022
South Africa’s economy has underperformed during the past decade. The COVID‑19 crisis has weakened an already fragile economy, hobbled by endemic power rationing. Incomes have been declining, unemployment remains high, at around 35% and income inequality is considered to be the highest in the world....
Oct
13
2022
3:30—5:30 PM Eastern Time (US and Canada)
October 07, 2022
The international finance system is overwhelming creditor centric and is not considerate of the borrower’s needs. Creditors are often organised through “club” or “committees”, such as the Paris Club, which exclude the Borrower from negotiations. Subsequently, there is an urgent need to increase Borr...
Blog Post
August 11, 2022
Ahead of COP27, which will take place in Egypt in November 2022, CGD hosted an event that aimed to identify the challenges of mobilizing private finance for climate action in Africa as well as the opportunities and policies needed to overcome them. From the rich discussions, we have summarized a ran...
Blog Post
June 30, 2022
Improving the effectiveness and traction of IMF surveillance could enable timely responses to climate-related crises. Overseeing the international monetary system and the policies of its member countries—an activity known as “surveillance”—is a key function the IMF performs to promote global economi...
POLICY PAPERS
June 30, 2022
Evidence suggests that Africa is the most vulnerable continent to climate change. While African countries contribute relatively little to global emissions, they remain significantly vulnerable to the devastating economic effects of this phenomenon. This paper reviews IMF activities and explores how ...
Blog Post
October 26, 2021
Africa’s informal sector remains the largest in the world. According to the International Labor Organization, it claims almost 90 percent of the economy in sub-Saharan Africa and about two-thirds in North Africa (although there is significant heterogeneity in its size across countries).