Ideas to action: independent research for global prosperity
Search
Filters:
Experts
Facet Toggle
Topics
Facet Toggle
Content Type
Facet Toggle
Publication Type
Facet Toggle
Article Type
Facet Toggle
Event Type
Facet Toggle
Time Frame
Facet Toggle
Time Frame
Facet Toggle
Blog Post
October 30, 2024
The 80th anniversary of Bretton Woods has brought forth many proposals on how the IMF should change to respond to emerging economic and financial challenges and to a very different geopolitical context. A common theme across these proposals is that the IMF can only remain relevant, effective, and le...
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...
WORKING PAPERS
June 10, 2024
The IMF was not included in the recent review of multilateral development banks’ capital adequacy frameworks that proposed reforms to allow them to expand their lending to developing countries. The paper considers whether this review contained lessons for the IMF despite its distinct role and financ...
CGD NOTES
September 14, 2023
The IMF’s Poverty Reduction and Growth Trust (PRGT) faces large financing needs. Unprecedented levels of lending since the start of the pandemic – four to five times higher than before the pandemic – have seriously depleted the PRGT’s subsidy resources. If these are not replenished, the PRGT’s lendi...
Blog Post
September 14, 2023
The Poverty Reduction and Growth Trust (PRGT), the IMF’s primary vehicle to support low-income countries (LICs), faces a severe financial crunch. There are many ways in which this hole could be plugged to restore the PRGT, but as explained in a new CGD note, there are obstacles or drawbacks to each ...
Blog Post
March 10, 2023
In a recent piece with my colleague Mark Plant, I highlighted the financial pressures facing the IMF’s Poverty Reduction and Growth Trust (PRGT). The surge in PRGT lending during the pandemic and the continued high level of lending since then provided essential support to low-income countries (LICs)...
Blog Post
September 29, 2022
The scale of IMF lending to low-income countries since 2020, carried out through the Poverty Reduction and Growth Trust (PRGT), was a bright spot in the otherwise lackluster multilateral response to the pandemic. But the rise in lending stretched thin the PRGT’s resources. The size of the resulting ...
POLICY PAPERS
September 29, 2022
The IMF’s concessional lending to low-income countries through its Poverty Reduction and Growth Trust (PRGT) has risen dramatically since the start of the pandemic and demand for the PRGT resources is expected to remain above pre-pandemic levels for quite some time. But the surge in lending has stra...
Blog Post
March 07, 2022
With Russia’s attack on Ukraine raging and most of the world imposing severe financial sanctions on Russia, attention has turned to whether Russia could use its allocation of special drawing rights to bolster its foreign reserves and finance its war effort. The answer is yes, in principle, but ...