Ideas to action: independent research for global prosperity
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Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
WORKING PAPERS
April 11, 2024
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April 15, 2024
CGD NOTES
April 08, 2024
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April 04, 2024
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CGD NOTES
October 12, 2021
In this note we consider the technical challenges of channeling SDRs to institutions other than the IMF that have already been approved as ‘prescribed holders’ of SDRs. This innovation, operating in addition to the options described above, would have the potential to significantly increase the volum...
CGD NOTES
October 12, 2021
Governments make policy to affect three domains: domestic outcomes, outcomes in foreign countries, and shared global challenges. This note sets out how the conceptual and analytical incoherence of policy set in developed countries across these three domains undermines their own effectivene...
CGD NOTES
October 12, 2021
The phrase “giving with one hand while taking with the other” has rarely been more appropriate than in examining the UK’s recent approach to the aid budget. Under current plans, by increasing its contributions to the IMF’s concessional lending pot, the UK will actually reduce the amount of aid avail...
CGD NOTES
October 12, 2021
From the final decade of the twentieth century, four small economies were quick to capitalize on the developmental advantages conffered by globalization. Although they did not escape buffeting from periodic regional and international crises, Dubai, Ireland, Panama, and Singapore managed to sustain m...
CGD NOTES
October 07, 2021
The first age of pandemics followed in the wake of farming, cities and trade, because infections leverage proximity and numbers to survive and evolve. After millennia of mass mortality, followed by two centuries of progress against plagues driven by sanitary and medical revolutions, will we allow a ...
CGD NOTES
September 30, 2021
The IMF should set up a Global Resilience Trust (GRT) without delay, allowing at least $50 billion from the recent special drawing rights (SDR) allocation to be channeled to low- and middle-income countries. In an earlier note, we explained the elements needed for the GRT to meet these va...
CGD NOTES
September 23, 2021
The August 23 allocation of SDRs has given low- and middle-income countries (LMICs) breathing space on their balance sheets to confront the monetary and fiscal challenges of the economic crisis induced by the COVID-19 pandemic. In the next few weeks, at the UN General Assembly meetings and the annua...