Ideas to action: independent research for global prosperity
Research
Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
WORKING PAPERS
May 01, 2024
WORKING PAPERS
April 23, 2024
CGD NOTES
May 07, 2024
POLICY PAPERS
May 09, 2024
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Research
CGD NOTES
May 07, 2024
IDA faces many headwinds—difficult aid politics in key donor countries; a high-interest rate environment that renders its financial model less efficient; and deteriorating credit quality in many of its client countries that makes risk taking less appealing. Breaking the $100 billion mark is not a po...
CGD NOTES
March 15, 2024
The November guidance on RSF seems to have addressed some of the shortcomings observed in the initial RSF programs. However, as we highlight in this note, other deficiencies remain unresolved and require attention from the IMF’s Executive Board during the upcoming RSF review.
POLICY PAPERS
December 11, 2023
Factors like borrowing costs and access to alternative sources of finance will likely limit country demand for World Bank climate mitigation finance absent financial incentives, which could prove costly and difficult to resource at the scale needed to have meaningful impact. There's a risk that thes...
POLICY PAPERS
November 01, 2023
Central to implementation of the Paris Agreement are questions of “fair shares”: who might contribute what and whether the group of contributors should be expanded. There is a case for nontraditional donors providing 20-30 percent of any total, while developed countries continue to take primary resp...
BRIEFS
July 17, 2023
In the fall of 2022, World Bank shareholders (member governments, including the United States) called for a suite of reforms aimed at better enabling the institution to respond to today’s global development challenges, such as pandemics, climate change, and natural disasters. The World Bank is one o...
CGD NOTES
June 16, 2023
In this note we assess the potential short-term fiscal impact of these instruments. We look at three major natural disasters over the past two years and assess how much relief each country would have received if DSCs had been included in the totality of their external debt instruments.
CGD NOTES
June 07, 2023
The Committee identifies three critical developments in the global economy with profound implications that require urgent changes at the IMF. This statement advances broad proposals to address these issues by creating an Emerging Markets Fund (EMF); modifying the G20 Common Framework to effectively ...