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Blog Post
June 14, 2023
As new World Bank President Ajay Banga settles into 1818 H Street, he will face a sharply divided group of shareholders on the mandate of the Bank, as evidenced by the contentious debate over its role on climate and other global public goods (GPGs). Most shareholders have weighed into this debate,...
Blog Post
June 13, 2023
This Thursday, the Center for Global Development is hosting a half-day event—Get the Lead Out—to shine a much-needed spotlight on the far-reaching social and economic consequences of lead poisoning. Lead is an insidious toxin. In most cases, it has no overt, easily detectable symptoms when ingested—...
Blog Post
June 01, 2023
Last month, the World Bank announced its intention to mobilize $12 billion for a new Crisis Facility for IDA, the arm of the bank that provides concessional lending and grants to the poorest countries. The Crisis Facility will augment emergency funding for IDA’s most vulnerable borrowers and provid...
Blog Post
May 12, 2023
In this blog post, we examine the rise of several of today’s big military spenders. These risers were not in the top ten spenders in 1990, but high rates of economic growth allowed them to allocate more dollars to the military, displacing countries higher in the list, including G7 nations.
Blog Post
April 27, 2023
The IMF should be applauded for implementing the Resilience and Sustainability Facility (RSF). That said, it is highly improbable that extending RSF financing to an additional 44 countries will be feasible in the next one or two years as it would require a major change in the mindset of borrowing co...
Blog Post
March 28, 2023
In April 2022, the IMF board approved the establishment of the Resilience and Sustainability Trust (RST) to provide financial support to countries addressing two key long-term structural challenges, climate change and pandemic preparedness. Almost a year late, the board has approved RST-supported pr...
Blog Post
January 26, 2023
With the abandonment of its Zero COVID policy, the Chinese economy is expected to rebound and contribute substantively to global economic growth in the latter part of 2023. This is projected to add to world demand for oil, more than offsetting falling demand from advanced countries whose economies a...