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Blog Post
July 09, 2021
Earlier this year, I wrote about the ban on the international financing of fossil fuels, proposed by Special Envoy John Kerry and others. I argued that such a ban would be particularly devastating for poor countries that are reliant on institutions such as the World Bank to finance much-needed energ...
Blog Post
March 16, 2021
Since taking office, the Biden Administration has taken several steps to address the climate crisis and plans to do more on the international stage. This trend will be in line with an earlier move by the European Union to “stop funding oil, gas, and coal projects at the end of 2021, cutting €2bn (£1...
Blog Post
March 15, 2021
The COVID-19 pandemic has taken a significant toll on African economies. Despite the significant support for COVID-19 response provided by their bilateral and multilateral partners, African countries continue to face significant financing needs to protect lives and livelihood and bolster prospects f...
POLICY PAPERS
March 15, 2021
The COVID-19 pandemic has taken a significant toll on African economies. On the continent, countries continue to face significant financing needs to protect lives and livelihood and bolster prospects for a stronger and more resilient economic recovery. To help meet these needs, the international com...
Blog Post
March 08, 2021
Debates on Sub-Saharan Africa’s development path and prospects often focus on two questions. Looking back, why have countries not experienced the structural transformation towards labor-intensive manufactures that has played such an important a role in the rapid development of Asian countries? And, ...
Mar
17
2021
9:30—11:00 AM ET
March 06, 2021
The COVID-19 pandemic has taken a significant toll on African economies, translating notably into growing fiscal and external imbalances and worsening growth and poverty outcomes. Due to limited policy space, many countries on the continent will be constrained in their ability to implement expansion...
Op-Ed
March 04, 2021
After four years of inaction, the Biden administration faces a more daunting climate crisis than ever. Special Envoy John Kerry said the administration wants “to develop a U.S. climate finance plan, as well as a plan for ending international financing of fossil fuel projects with public money.” This...
Blog Post
February 18, 2021
Makhtar Diop, former minister of finance in Senegal and current vice president for infrastructure at the World Bank, has been tapped to be the next head of the International Finance Corporation, the World Bank Group’s private sector investment arm. This is welcome news: Diop’s experience and talents...
Blog Post
January 27, 2021
In many African countries, the economic response to the crisis so far appears to have been broadly less consistent than the health response. For mitigation measures to be stronger and more effective, and for sustained recovery to take place, governments, central banks, and regional institutions will...