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Blog Post
June 10, 2024
In a new CGD paper, the CAF review holds an important lesson for the IMF which, if acted on, could allow it to greatly increase its support for low-income countries (LICs) while maintaining its robust financial buffers.
The paper also summarizes the financial structure of the IMF’s General Resourc...
Blog Post
June 05, 2024
In 2015 the nations of the world agreed at the United Nations on 17 Sustainable Development Goals (SDGs) to be reached by 2030. The SDGs are the closest the world has come to a definable and measurable global social contract.
The SDGs do not constitute a legally binding contract; there are no pen...
Blog Post
June 05, 2024
Addressing the unprecedented levels of irregular migration requires a fundamental shift in understanding the problem: People come whenever there are jobs to be filled in the American economy. It is true today, and it has been true for decades. That is main finding from my new study analyzing nearly ...
WORKING PAPERS
June 05, 2024
This study investigates the link between Southwest US border crossings and labor market tightness, measured by the job openings to unemployed ratio, over nearly 25 years (2000–2023). Analyzing monthly data, it finds a strong positive correlation, suggesting that increased border crossings align with...
Blog Post
May 16, 2024
Development cooperation has reached a crossroads. Humanitarian needs are rapidly increasing as violent conflicts erupt and continue, and geopolitical rivalry is contributing to a more fragmented development landscape. Difficult economic conditions in many of the poorest countries are paired with shr...
Blog Post
May 15, 2024
On Friday, May 10, 2024, the IMF Executive Board approved the recycling of special drawing rights (SDRs) to multilateral development banks (MDBs) for use as hybrid capital. It took a long time to get to this point, and the IMF should be congratulated for overcoming strong opposition, even from some ...
Blog Post
April 18, 2024
Achieving the UN Sustainable Development Goals (SDGs) and addressing global challenges will require a step change in private investment in emerging markets and developing economies (EMDEs). Only a small fraction of the trillions in private assets under management are currently directed to EMDEs.
CGD NOTES
April 11, 2024
The reform agenda is long and complicated. MDB shareholders, managers, and other stakeholders need a systematic way to assess progress as objectively and independently as possible. CGD has built this MDB reform tracker for this purpose. The aim is a comprehensive tool, but also a focus on reform pro...
Blog Post
April 09, 2024
It's spring in DC, which means it's time once again for the IMF-World Bank Spring Meetings. Finance ministers, central bank governors, and other top officials from around the world gather to discuss the state of the world economy and the international financial architecture, and CGD's researchers ar...
Blog Post
March 21, 2024
As many developing countries approach universal enrollment in primary school, the World Bank has emerged as one of the most prominent advocates for a pivot “from schooling access to learning outcomes” in recent decades. The most recent education strategy of the Bank, adopted in 2011, emphasizes the ...