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In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Tao Zhang, Deputy Managing Director, International Monetary Fund
Sean Nolan, Deputy Director, Strategy and Policy Review, International Monetary Fund
Anna Gelpern, Nonresident Senior Fellow, Peter G. Peterson Institute for International Economics and Professor of Law, Georgetown Law
Mark Plant, Director of Development Finance and Senior Policy Fellow, Center for Global Development
Some of the world’s poorest countries run the risk of building up a debt pile too high for their economies to support, according to the latest IMF report. The Center for Global Development will host the International Monetary Fund (IMF) to discuss the causes for the debt build up and possible ways forward at the launch of Macroeconomic Developments and Prospects in Low-Income Developing Countries (LIDCs) – 2018. This is the fourth annual report in a series by the IMF that looks at trends and socioeconomic indicators of LIDCs. Key findings from the 2018 report and some questions to be discussed include:
Growth improved broadly across LIDCs in 2017, but output growth in commodity exporters continues to lag behind levels achieved in 2010-14. How can this momentum be maintained and what are the risks to more favorable outlook?
There has been a broad-based weakening of fiscal positions in LIDCs in recent years, with fiscal deficits widening in some 70 percent of LIDCs between 2010-14 and 2017. Has this translated into more productive investment? What has been the impact on the financial sector?
Debt burdens and vulnerabilities have risen significantly since 2013 in many LIDCs, reflecting a mix of factors including exogenous shocks and loose fiscal policies. What are the risks of debt distress becoming an endemic problem?
The composition of public debt in LIDCs continues to shift from traditional sources towards non-Paris Club bilateral lenders, commercial external debt, and domestic debt. What challenges does this pose for developing countries and their creditors going forward?
The event will open with remarks from IMF Deputy Managing Director Tao Zhang before moving into a panel discussion moderated by Center for Global Development’s Director of Development Finance and Senior Policy Fellow, Mark Plant.
Evidence from US-based firms like Google, Facebook, and Amazon shows that market concentration and the failure of competition policy has had grim effects on productivity and inequality. Indeed, across a handful of industries, only a couple of massive firms control the majority of decisions Americans make as consumers. But what effects does market consolidation have on the rest of the world?
AidEx is a two day event, which encompasses a conference, exhibition, meeting areas, awards and workshops. Its fundamental aim is to engage the sector at every level and provide a forum for aid & development professionals to meet, source, supply and learn. AidEx was created to help the international aid and development community engage the private sector in a neutral setting, drive innovation and support the ever-growing need for emergency aid and development programmes.
Over 1 billion women lack access to financial services due to economic and social barriers, time and mobility constraints, and discrimination Financial services delivered digitally can address these barriers. Closing the global gender gap in access to finance provides an opportunity for the private sector to reach an untapped and profitable market, and provides governments with an opportunity to better reach their constituents. This event looks at the recent evidence on which emerging technologies empower women economically, as well as the importance of cross-sectoral partnership and women’s entrepreneurship in sub-Saharan Africa.
The Center for Global Development, TechnoServe, and the World Bank are pleased to co-host this event in Dar es Salaam. We are committed to finding what works to promote women’s financial inclusion and are conducting innovative research on the potential of digital technologies. This event will launch new research on this topic and bring together leaders in the government and the private sector with experts in finance, development, and technology to have critical conversations on closing the financial gender gap. We hope you can join us.
With the goal of driving down drug costs, governments across the globe have instituted various forms of pharmaceutical price control policies. Understanding the impacts of such policies is particularly important in low- and middle-income countries, where lack of insurance coverage means that prices can serve as a barrier to access for patients and lack of effective quality control may allow for low-quality medicines in the market. In her paper, Emma Boswell Dean examines the theoretical effects of price controls in such markets and then measures the empirical effects of one implementation of pharmaceutical price controls, in which the Indian government placed price ceilings on a set of essential medicines.
This unique conference is designed to convene both the new industrial policy thinkers, who have studied the history of government intervention, and blended finance practitioners, who are involved in setting up the institutions and procedures that will use official development finance to subsidise private enterprise in developing countries. These two communities too often work in isolation and have much to learn from each other.
The conference will combine scholar presentations with high-level policy discussions. Please see the preliminary programme for a list of sessions and speakers, in addition to more details about the conference.
Please join us for this “first of its kind” conference and feel free to share this invitation with your network and encourage your colleagues to attend. We want to reach as many people who work in private sector development as possible.