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Apr
22
2025
HYBRID
Washington, DC
1:30—3:00 PM ET | 6:30—8:00 PM BST
April 03, 2025
A drastic reduction in the US and UK aid budgets and similar signals from other major donors have left the development community reeling. Sub-Saharan African countries will bear the brunt of these cuts, as well as heavy debt burdens, increasing climate-related shocks, and other challenges.
Blog Post
December 16, 2024
Many low-income countries (LICs), particularly in sub-Saharan Africa, face the challenge of repaying loans in foreign currencies. With most of their debt in dollars or euros, these nations are in a difficult position: when their currency weakens, their debt burden goes up. This phenomenon—relying on...
Blog Post
July 10, 2024
As the replenishment process for IDA, the arm of the World Bank that provides concessional lending, is in full steam, the stakes are unsurprisingly high for Africa. This is partly because IDA provides grants and low-cost financing to 75 low-income countries, 39 of which are on the African continent....
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...
TESTIMONY
May 25, 2023
On May 25, 2023, CGD Distinguished Non-Resident Fellow Daouda Sembene appeared before the Security, Illicit Finance, and International Financial Institutions Subcommittee of the House Financial Services Committee at a hearing titled “International Financial Institutions in an Era of Great Power Comp...
Blog Post
December 19, 2022
One in five people on the planet live in countries at risk of debt distress. Yet the leaders and institutions that understand the challenge and could address it are instead virtue signaling and pointing the finger at others who share responsibly for a solution. We need a different approach—one that ...