Ideas to Action:

Independent research for global prosperity

Publications

 

A piggy bank under water. Adobe Stock.
August 5, 2020

Restructuring Sovereign Debt to Private Creditors in Poor Countries: What’s Broken?

Two out of five low-income countries were in the grips of, or moving rapidly toward, unsustainable debt levels before the global pandemic. But the economic, financial, and fiscal effects of the pandemic have brought the day of reckoning for many countries much closer. The global financial community is likely entering another period of messy, prolonged, costly, and contentious debt defaults and restructurings. It does so with no more—and in some ways less—consensus on the principles that should govern collective action by public and private creditors, debtor governments, and the IFIs.

Cover of The White House and the World: A Global Development Agenda for the Next U.S. President
August 22, 2008

The White House and the World: A Global Development Agenda for the Next U.S. President

The White House and the World: A Global Development Agenda for the Next U.S. President shows how modest changes in U.S. policies could greatly improve the lives of poor people in developing countries, thus fostering greater stability, security, and prosperity globally and at home. Center for Global Development experts offer fresh perspectives and practical advice on trade policy, migration, foreign aid, climate change and more. In an introductory essay, CGD President Nancy Birdsall explains why and how the next U.S. president must lead in the creation of a better, safer world.