In this note, David Andrews looks at one mechanism that could work for using excess SDRs to the benefit of low- and middle-income countries: donating them. It is a simple idea but hardly straightforward, as he demonstrates with a “case study” of how the United Kingdom might do this. The UK’s rules governing the use of its reserves, when overlayed on the IMF’s rules surrounding SDRs, make for a difficult thicket to plow through to effect a donation of SDRs.
The need for collaboration and cooperation across the multilateral development banks (MDBs) seems obvious. Donor governments set up these institutions to multiply their development dollars, to concentrate global development expertise, and to spread knowledge and evidence of effective development policies and practices around the globe.
We look at available sources to ask (i) Where is data available on employment and wages allowing for comparisons between women and men, and the public and private sectors? (ii) How do women’s employment, compensation, and seniority compare with men’s in the public and private sectors? (iii) How do gender gaps vary by countries’ income level, education levels, and other factors? What are the policy implications of the data we analyze? (iv) Which countries’ efforts can be modeled by others, and how else can global gender gaps in employment and compensation be narrowed?
We used a randomized management consulting intervention with 80 public-sector healthcare facilities in Nigeria to study the role of information, training, and supervision on the adoption of improved organizational practices.
In this briefing note, we review what this shift in policy means for overall aid spending, effective management of the aid budget, and the broader public finances. The government has stated that it is a temporary shift in policy; we consider how the fiscal outlook and other government spending decisions interact with the aid budget, and discuss the implications of uncertainty over the aid budget going forward.
This policy paper reviews the extent to which DFC (and its predecessor, OPIC) have focused on the promotion of women’s economic empowerment and broader gender equality to date, particularly through the 2X Women’s Initiative.
Violence Against Women and Children During COVID-19—One Year On and 100 Papers In: A Fourth Research Round Up
A year after the World Health Organization declared COVID-19 a pandemic, we take stock of an increasingly diverse set of new studies linking violence against women and children (VAW/C) to COVID-19 an associated pandemic response measures.
“Tens of Millions” to “Hundreds of Millions”: Synthetic Credit to Enable Private Funding for Infrastructure in Low-Income Countries
As the Biden administration turns its attention to infrastructure legislation in the United States, it is important to focus on the role investment in infrastructure financing can play in the recovery. This note covers a policy proposal for a credit enhancement instrument, using concessional financing, from development finance institutions to enable low-income countries (LICs) to attract private finance in infrastructure. It is an incremental iteration of the World Bank’s ambitious “billions to trillions” campaign.
In this policy brief, we summarize the findings of a CGD working paper, The Gendered Dimensions of Social Protection in the COVID-19 Context. We explore the role of social protection, with an emphasis on social assistance policies and programs, in addressing increasing poverty, food insecurity, unpaid care work, and gender-based violence—all exacerbated by the onset of the crisis and associated containment measures. We document these trends and how they disproportionately impact women and girls, as well as the extent to which governments and donors are integrating a gender lens into their social protection efforts and make recommendations to ensure that future efforts effectively reach and benefit women and girls.
The paper examines some ways national governments have sought to maintain provision of essential health services and reviews the extent to which donor institutions have prioritized financial, technical, and other forms of support to mitigate disruptions. It concludes by highlighting existing gaps, opportunities, and promising strategies that donors and governments should pursue to address indirect harms to women’s and girl’s health during and beyond the COVID-19 crisis.
This paper, part of a series documenting the gendered dimensions of the COVID-19 crisis, focuses on the role of social protection policies and programs in addressing gender inequalities, or in some cases risking their exacerbation.
When health crises like COVID-19 emerge, the shocks to economic, social, and health systems can have different implications for women and girls, with gendered impacts across various dimensions of wellbeing. This paper, part of a series documenting the gendered impacts of the pandemic, focuses on women’s economic empowerment.
The Impacts of Health Crises on Women & Girls: How Historical Evidence Can Inform Assessment and Recovery through a Gender Lens
This paper presents a conceptual framework on the effects of health crises on women and girls with an eye toward understanding the growing evidence base for the COVID-19 pandemic. When health crises like COVID-19 emerge, the simultaneous shocks to economic, social, and health systems can have different implications for women and girls.
In this policy brief, we summarize the findings of a CGD working paper, Promoting Women’s Economic Empowerment in the COVID-19 Context. We explore the impacts of the crisis on women’s economic opportunities and outcomes, document the extent to which governments and donors are taking action to respond to these impacts, and make recommendations for how decision-makers can elevate women’s economic empowerment as a priority in response and recovery efforts.
In this policy brief, we summarize the findings of a CGD working paper, Addressing the COVID-19 Crisis’s Indirect Health Impacts for Women and Girls. We examine how the pandemic is affecting women’s and girl’s health, including their sexual and reproductive health; some of the ways national governments and donor institutions have sought to maintain the provision of essential health services; and existing gaps, opportunities, and promising strategies donors and governments should pursue to address indirect harms to women’s and girl’s health during and beyond the COVID-19 crisis.
Last year at this time, the World Bank announced its intention to provide $104 billion in financing to developing country governments to help them respond to the COVID-19 crisis. We took stock of those efforts seven months ago. More than a year into the pandemic, it’s time to check in again on the Bank’s crisis financing. We revisit four basic questions about the Bank’s lending performance since it originally announced its COVID response.
Vaccine Financing: How a Redesigned IMF Instrument Can Provide a Shot in the Arm for the Global Pandemic Response
A new IMF rapid credit window could provide some $30 billion to cover the vaccine financing needs for most developing countries through 2021-22. The mechanism would facilitate collective action to negotiate increased production, the main obstacle to achieving vaccine coverage and rectifying the gross inequities in current distribution. It would remain in place for future global pandemic responses.
The time is now for a historic IDA replenishment. The world’s poorest countries’ recovery from the COVID-19 economic downturn will largely hinge on the scale of the emergency relief and investment programs over the next few years.