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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.
Every year, more than 5 million women, children and adolescents die from preventable conditions, due to a significant financing gap for healthcare for women, children and adolescents, and inadequate incentives for provision and use of quality health services, among other factors. The Global Financing Facility (GFF) in support of Every Woman Every Child is a new approach to sustainable global health financing that is supporting countries’ approaches to financing and investing in the health of their people.
Five members of the Zimbabwe Working Group traveled to Harare May 20-25 to meet with the government, opposition leaders, and a wide range of business, religious, and civil society organizations to assess prospects for free and fair elections and for meaningful political and economic reform. Please join us to hear from the delegation as they share their findings and recommendations for US policy.