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WORKING PAPERS
March 31, 2021
China is the world’s largest official creditor, but we lack basic facts about the terms and conditions of its lending. Very few contracts between Chinese lenders and their government borrowers have ever been published or studied. This paper is the first systematic analysis of the legal terms of Chin...
Blog Post
March 01, 2021
Today the IDB is again making the case for a capital increase to its shareholders. Yet, despite an unfolding crisis that threatens development progress in Latin America to a degree that eclipses the Global Financial Crisis, talk of a financing cliff at the bank is absent from its appeal for mo...
Blog Post
January 19, 2021
Last week DFC announced that it signed a framework agreement with the government of Ecuador to refinance up to $3.5 billion of the country’s external debt to China. In exchange, according to reporting by the Financial Times, the Ecuadorian government will commit to exclude Chinese companies from its...
Blog Post
September 15, 2020
How much do educational outcomes around the world depend on where you were born? In a new CGD working paper, we propose a very simple strategy to overcome this problem and build a “Rosetta Stone” for test scores. We take a single sample of students and give them questions from each major exam around...
WORKING PAPERS
September 15, 2020
How can we accurately measure the global distribution of skills when people in different countries take different tests? We develop a new methodology to non-parametrically link scores from distinct populations. By administering an exam combining items from different assessments to 2,300 primary stud...
Blog Post
January 18, 2018
Last week the World Bank's Chief Economist, Paul Romer, told the Wall Street Journal the Bank had manipulated its own competitiveness rankings to undermine Chile's socialist government, and hinted Chile might not be alone—then he retracted the claim. Romer's conspiracy theories pro...