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Blog Post
December 19, 2022
One in five people on the planet live in countries at risk of debt distress. Yet the leaders and institutions that understand the challenge and could address it are instead virtue signaling and pointing the finger at others who share responsibly for a solution. We need a different approach—one that ...
Blog Post
December 19, 2022
About 63 percent of Nigeria’s population is multidimensionally poor, and Nigeria’s debt service-to-revenue ratio at the federal government level reached 83 percent during the first eight months of 2022. In short, the country is facing significant fiscal-macroeconomic challenges, with implications fo...
CGD NOTES
December 19, 2022
The next administration in Nigeria will face significant fiscal-macroeconomic challenges. This note focuses on adopting a more integrated and comprehensive framework for the conduct of fiscal policy, with emphasis on improving domestic resource mobilization, enhancing expenditure efficiency, and exp...
CGD NOTES
December 13, 2022
The unprecedented turnout at rallies across Pakistan protesting corruption and poor job prospects underscores the frustration among the rapidly growing middle class with governance failures. Pakistan’s economic growth exceeded India’s for over four decades after its independence in 1947, but since t...
Blog Post
December 09, 2022
With climate change already affecting the lives and livelihoods of millions of people around the world, the need for a coordinated global response has never been more urgent. But to mobilize the huge sums required to finance the investments we need to ensure a climate-resilient future, the world mus...
Blog Post
December 09, 2022
In July, a G20 independent panel (of which we are members) recommended measures to modernise how the World Bank and other multilateral development banks calculate their capacity to lend in support of development and climate objectives. These recommendations are now under discussion by MDB shareholde...
Blog Post
December 07, 2022
The IFC isn’t finding more private sector projects to support in IDA countries even with the backing of both PSW financing and retained earnings used to hire more staff to look for projects. Absent actual projects to invest in, PSW resources are increasingly committed to regional and global faciliti...
Blog Post
December 06, 2022
If the Biden administration wants to forge stronger bonds with African governments in the lead up to mid-December’s US-Africa Leaders Summit, it will have to focus on meeting the needs of those governments during a particularly difficult economic period. One useful but greatly underutilized instrum...