Posts by The Center for Global Development (CGD)
The Future of the African Development Bank with Three Presidential Candidates
In May, the African Development Bank (AfDB) will elect its next president, who will succeed Akinwumi Adesina later this year. The new president will be responsible for guiding the Bank,…
Read MoreThe Case for Local Currency Loans: How IDA Could Help Borrowers Reduce Vulnerability to Debt Crises
Many low-income countries (LICs), particularly in sub-Saharan Africa, face the challenge of repaying loans in foreign currencies. With most of their debt in dollars or euros, these nations are in a…
Read MoreMaking IDA21 Work for Africa
A successful replenishment of IDA requires individual and collective efforts from the World Bank Group, donors and borrowing countries, and other domestic and external stakeholders. However, while a robust and…
Read MoreAvoiding the Looming Disillusionment about IMF Climate Finance
The new IMF climate finance mechanism faces multiple implementation challenges. It will take urgent actions from the institution and its major shareholders to avoid disillusionment among policymakers in climate-vulnerable developing…
Read MoreIn the COVID-19 War, the IMF Arsenal Must Fully Benefit Low-Income Countries
The COVID-19 pandemic is taking a huge economic toll in low-income countries. The IMF has provided prompt support to help mitigate it, but it could and should do much more.…
Read MoreHow To Optimize Africa’s Economic Response to the Coronavirus Pandemic
As part of their efforts to contain the economic, social, and political fallout from the COVID-19 crisis, many African countries have announced large fiscal stimulus packages. But planned fiscal responses…
Read MoreBeyond the Money: How IFIs and MDBs Can Better Support Pandemic Recovery in Africa ?
The case for boosting the lending capacity of international financial and development institutions has already been persuasively made. Expectations of progress on this front are firming up, fueled by the…
Read MoreIs Africa Wasting the Pandemic-Induced Economic Crisis?
In many African countries, the economic response to the crisis so far appears to have been broadly less consistent than the health response. For mitigation measures to be stronger and…
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