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Reposted by Clémence Landers

Center for Global Development @cgdev.org · 29d

The World Bank's IDA is facing an uphill climb ⛰️ to maintain its $100bn replenishment, as the tight global interest rate environment drives up borrowing costs.

Nico Martinez & @clemencelanders.bsky.social explain how recent legislation could offer relief:
https://bit.ly/4698A6z

How a Legislative Fix Could Bolster IDA’s Financing Firepower (at No Cost to the Taxpayer)

The International Development Association (IDA), the World Bank’s concessional lending arm for the world’s poorest countries, is facing an uphill climb to maintain its $100 billion replenishment, fina...

www.cgdev.org

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Clémence Landers @clemencelanders.bsky.social · Jul 23

Investors have become less worried about the potential fallout for emerging markets from Trump’s erratic trade war, and are instead focusing on EMs’ improving economic health. It also reflects wariness among some investors over US government bonds...

www.ft.com/content/c939...

Emerging market borrowing premium over US falls to nearly lowest since 2007

Yields for investment-grade EM borrowers fall relative to developed markets amid concerns over traditional havens

www.ft.com

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Janeen Madan Keller @jmadankeller.bsky.social · Jul 10

1st edition of our @cgdev.org series "Tough Times, Tough Choices" is hot off the press

Facing budget cuts, we argue WHO's leadership must chart a path of retrenchment to a lean @who.int for the global good

w/ @peterbaker17.bsky.social & @rachelbonnifield.bsky.social

www.cgdev.org/publication/...

A Lean World Health Organization for the Global Good

In this brief—the first in the Tough Times, Tough Choices series that will target the major global health and development institutions and their funders—we propose a different approach: radically stre...

www.cgdev.org

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Janeen Madan Keller @jmadankeller.bsky.social · Jul 18

Amid a broader global health financing crisis, @gavi.org faces a $2.5B budget shortfall

Read our new @cgdev.org brief on how Gavi 6.0 can take a bigger leap w @rachelbonnifield.bsky.social @peterbaker17.bsky.social @tomldrake.bsky.social & @orinlevine.bsky.social

www.cgdev.org/publication/...

How Gavi 6.0 Can Take a Bigger Leap

Gavi’s board and leadership must stretch scarce resources to fulfill a challenging double mandate: (1) stabilizing immunization outcomes and fiscal solvency in Gavi-eligible countries facing severe he...

www.cgdev.org

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Janeen Madan Keller @jmadankeller.bsky.social · Jun 27

#FfD4 kicks off next week against the backdrop of aid cuts & a traffic jam of replenishments among health & other concessional funds

But it's clear these funds need a major overhaul. Our new
@cgdev.org blog highlights 3 action items:

www.cgdev.org/blog/concess...

cc: @clemencelanders.bsky.social

www.cgdev.org

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Amanda Katz @katzish.bsky.social · Jun 30

Steel yourself and then read. WaPo went to Khartoum to meet the moms who, thanks to Trump and Musk’s brutal actions, are now watching their little children starve to death or die of cholera

Emily Guskin @emgusk.bsky.social · Jun 30

I couldn't make it through this story yesterday, but everyone needs to read it.

In Sudan, where children clung to life, doctors say USAID cuts have been fatal

The Trump administration’s cuts to USAID had an immediate and deadly impact in war-ravaged Sudan, according to civilians, doctors and aid officials.

www.washingtonpost.com

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Helen Dempster @helen-dempster.bsky.social · Jun 5

Excited to see our @cgdev.org research featured in this excellent @nytimes.com article about the devastating effect of the US' remittance tax on Africa, especially coming after extensive aid cuts.

www.nytimes.com/2025/06/03/w...

Trump Targets Key Lifeline for Africa: Money Sent Home by Immigrants

www.nytimes.com

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Center for Global Development @cgdev.org · May 28

Despite an uncertain development landscape, IDA is on track for a record replenishment—but challenges remain.

Nico Martinez & @clemencelanders.bsky.social‬ detail the headwinds facing IDA, from low growth to rising debt levels:

Can IDA Weather the Development Finance Storm?

The 21st replenishment of the International Development Association (IDA), the concessional lending arm of the World Bank, concluded last December, with donors pledging $23.7 billion for a…

www.cgdev.org

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Eeshani Kandpal @eeshani.bsky.social · May 28

We’re only smiling because it’s not a real goodbye to @justsand.bsky.social

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Charles Kenny @charlesjkenny.bsky.social · May 20

This clearly lays out the problem of declaring the 'biggest ever IDA' by borrowing a lot (rather than getting actual new donor resources) when it is expensive to borrow.

Center for Global Development @cgdev.org · May 20

Can IDA sustain its $100B replenishment during this development finance storm? ⛈️

Nico Martinez and @clemencelanders.bsky.social find IDA is on track for a record replenishment—but a tight funding environment, low growth, and rising debt threaten its firepower:
www.cgdev.org/blog/can-ida...

Can IDA Weather the Development Finance Storm?

The 21st replenishment of the International Development Association (IDA), the concessional lending arm of the World Bank, concluded last December, with donors pledging $23.7 billion for a replenishme...

www.cgdev.org

1

Reposted by Clémence Landers

Center for Global Development @cgdev.org · May 20

Can IDA sustain its $100B replenishment during this development finance storm? ⛈️

Nico Martinez and @clemencelanders.bsky.social find IDA is on track for a record replenishment—but a tight funding environment, low growth, and rising debt threaten its firepower:
www.cgdev.org/blog/can-ida...

Can IDA Weather the Development Finance Storm?

The 21st replenishment of the International Development Association (IDA), the concessional lending arm of the World Bank, concluded last December, with donors pledging $23.7 billion for a replenishme...

www.cgdev.org

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Reposted by Clémence Landers

Center for Global Development @cgdev.org · May 14

USAID cuts have left major aid programs without funding. @cgdev.org is now hosting a team analyzing which ex-USAID programs are most cost-effective—and connecting them with donors willing to step in.

Learn more in @npr.org:
www.npr.org/sections/goa...

A matchmaking service with a twist: Connecting big givers to programs cut by USAID

A former USAID worker has a new mission. She's hoping to connect philanthropists with overseas programs that have lost — or are likely to lose — their U.S. funding.

www.npr.org

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Clémence Landers @clemencelanders.bsky.social · May 6

My @cgdev.org colleagues @ecollinson.bsky.social + @justinrhurley.bsky.social unpack what the 2026 budget request and what it means for US foreign assistance.

www.cgdev.org/blog/redefin...

Redefining America’s Interests? Trump's FY2026 Budget Proposes Sweeping Cuts to US Foreign Aid

The Trump administration unveiled an overview of its FY2026 budget request on Friday. While short on details, the document offers a grim forecast for US development and humanitarian spending. In seeki...

www.cgdev.org

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Clémence Landers @clemencelanders.bsky.social · May 5

One of the greatest moments in music history.

Carl Quintanilla @carlquintanilla.bsky.social · May 5

The Beatles release “Get Back” today in 1969 — defiantly played on the rooftop of Apple Records.

“Working people tended to get us, and understand what we were doing,” McCartney said of that set. “And occasionally, you would get the kind of snob who would get angry. .. That was part of the fun.”

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Adam Tooze @adamtooze.bsky.social · Apr 26

Nearly half of the BofA Global Fund Manager Survey participants now anticipate a global recession within the next 12 months, …For more insights visit today’s Chartbook Top Link!

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msobel.bsky.social @msobel.bsky.social · Apr 19

Huge thanks to THE HILL for running this piece on why the IMF is a fantastic deal for America.

A great joy to be reunited with former colleagues Meg Lundsager and Elizabeth Shortino in support of the Fund.

thehill.com/opinion/fina...

The IMF is a fantastic deal for America

If the U.S. steps back from the IMF, there will only be one winner: China.

thehill.com

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Devex @devex.com · Apr 18

Tune in to the full podcast episode⬇️

What can we expect from the World Bank Spring Meetings?

In the latest episode of our weekly podcast series, we discuss the top global development stories from this week and look ahead to the World Bank Spring Meetings.

www.devex.com

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Devex @devex.com · Apr 18

[email protected], vice president and senior policy fellow at the @cgdev.org, previews the upcoming IMF and World Bank Spring Meetings.

#IMF #WorldBank #SpringMeetings

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Clémence Landers @clemencelanders.bsky.social · Apr 18

I really enjoyed recording this podcast with the @devex.com ahead of the Spring meetings. Watch/listen here. @cgdev.org

www.devex.com/news/what-ca...

What can we expect from the World Bank Spring Meetings?

In the latest episode of our weekly podcast series, we discuss the top global development stories from this week and look ahead to the World Bank Spring Meetings.

www.devex.com

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Clémence Landers @clemencelanders.bsky.social · Apr 17

CGD is the place to be for the 2025 Spring Meetings! Please check out our exciting list of events and come say hi.

Center for Global Development @cgdev.org · Apr 14

The 2025 IMF & World Bank #SpringMeetings are right around the corner!🌸🌍

@cgdev.org is hosting key conversations with leading global development experts and policymakers—explore our schedule of events and sign up below ⬇️
bit.ly/43HcvIn

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Center for Global Development @cgdev.org · Apr 14

The 2025 IMF & World Bank #SpringMeetings are right around the corner!🌸🌍

@cgdev.org is hosting key conversations with leading global development experts and policymakers—explore our schedule of events and sign up below ⬇️
bit.ly/43HcvIn

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Rachel Glennerster @rglenner.bsky.social · Apr 9

In DC for the spring meetings of IMF & World Bank? We have a packed week of events @cgdev.org from the future of foreign assistance to industrial policy to conversations with President of ADB and Finance Min of Pakistan. Come join us. Online options too.

Center for Global Development @cgdev.org · Apr 9

As stakeholders gather for this year's IMF & World Bank #SpringMeetings, CGD is hosting crucial discussions with leading global development experts, policymakers, representatives from international finance institutions, & more.🌸🌍

Explore the schedule of events & RSVP below! ⬇️
bit.ly/43HcvIn

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Aaron Sojourner @aaronsojourner.org · Apr 9

"Political Risks to the U.S. Safe Harbor Premium" @ernietedeschi.bsky.social budgetlab.yale.edu/news/240502/...

• The US enjoys a safe harbor investment premium—a value that investors place on
US safety, soundness and stability.
• Even a relatively modest move in risk premia would have profound implications
for the US. If the US country risk premium moved to that of the current UK level,
after 10 years, real equity wealth per household would be $50,000 lower and real
GDP 1% smaller.
• The erosion of safe harbor advantages could include more uncertainty and
discontinuous risk, higher bond yields, and, ultimately, lower growth.
• Country risk analysis is a relative concept. Since the US is conventionally the
benchmark for measuring global risk, by construct, US risk is often assumed to be
0 percent.
• Along several different dimensions, however, US political risk has risen over the
last eight years: we estimate a “shadow” risk premium for the US that implies that
US political and institutional risk is more consistent with a country risk premium
of 25-35 basis points rather than zero. For context, this is roughly half of the UK’s
premium in the immediate aftermath of Brexit.
• US shadow political risk was broadly falling over 2006- 2016 and has risen since by
around 20-25 basis points. Most of this rise occurred from 2016-20.
• There is suggestive evidence that markets are underpricing current US political
risk. A gradual pricing in of 25 basis points of shadow risk implies a modestly
higher unemployment rate (+0.1 percentage points, or about 200,000 more
unemployed workers) and smaller economy (-.25%) after 10 years.
• Furthermore, worsening political risk and a precipitating market event could have
much more profound implications. For example, a rapid repricing of another 100
basis points of risk—on par with what S&P felt the 2011 debt ceiling crisis equated
to—as well as a pullback in foreign direct investment to the US would raise the
unemployment rate by around 0.5 percentage points even after a decade and
shrink the economy by more than 1%.

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Janeen Madan Keller @jmadankeller.bsky.social · Apr 9

In DC for spring meetings? Join me & @clemencelanders.bsky.social on Wed Apr 23 for a @cgdev.org event on how multilateral funds can evolve in the face of shrinking resources and growing needs

RSVP ➡️ www.cgdev.org/event/how-do...

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