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

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...

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/...

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/...

#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

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

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...

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:

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

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.

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...

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...

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...

One of the greatest moments in music history.

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!

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...

Tune in to the full podcast episode⬇️

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

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...

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

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

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.

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

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...

Excellent observation by @robin-j-brooks.bsky.social. If global markets truly crack, there’ll be less international cooperation — if any. “The rest of the world wants this sell-off to get worse ..”

the art of the deal

The proposal to merge the MCC, DFC, and USTDA (DFC+) has potential—but there's policy objectives that must underpin a merged entity.📌 Mary Svenstrup & @clemencelanders.bsky.social explain what's needed for DFC+ to be a credible and effective development agency: www.cgdev.org/blog/trump-a...

Welcome to the new transactional era where US assistance is "what have you done for me lately". www.ft.com/content/3f63...

International Women’s Day is here.⭐ Amid rising challenges, @cgdev.org experts are continuing to work to expand women and girls’ social and economic empowerment & global gender equality. Follow this thread for some of the team’s most recent work. ⬇🧵#IWD2025

If they are to remain credible, the FATF and European institutions need to begin treating the US as a high-risk jurisdiction

The UK is strapped for cash. But Keir Starmer is going to massively increase military spending to "defend" his country from a phantom menace. How's he going to pay for it? By slashing aid. Is this really a Labour government? www.theguardian.com/politics/202...

Climate finance debates often focus on who pays & how much, but @jonathanbeynon.bsky.social & @ianmitchell1.bsky.social argue that quality matters too. They explore how the UK reports the results of its int'l climate finance, & what it reveals about effectiveness 👇 https://buff.ly/416hM9q

Very excited to welcome Markus Goldstein and @clemencelanders.bsky.social as @cgdev.org 2 new Vice Presidents. Together they bring a wealth of experience across macro & micro, research, policy, and management . Looking forward to working with them both.

CGD is thrilled to announce the appointment of Markus Goldstein and @clemencelanders.bsky.social as Vice Presidents and Senior Fellows! Their leadership and expertise will be invaluable as we continue to navigate this pivotal moment in global dev. More details: www.cgdev.org/article/cent...

Following the Trump administration's unraveling of #USAID, could it now withdraw from the #WorldBank? Experts deem such a bold action is unlikely because it would conflict with US interests and undermine decades of progress: tinyurl.com/2emshctf @devex.com @clemencelanders.bsky.social

New IMF research: "However, such [interest rate] exposures are not unique to Silicon Valley Bank: About 3 percent of banks in advanced economies and 6 percent of banks in emerging market and developing economies have larger negative exposures."

Hey DOGE - If you’re really looking to curb government waste, I’ve got a project for you.

There's talks to revamp the US International Development Finance Corporation (DFC) as a sovereign wealth fund (SWF). @clemencelanders.bsky.social, @ecollinson.bsky.social, & @justinrhurley.bsky.social raise questions on the practicalities—including funding & more ⬇

1/ Are US elites doing their best to Speed run towards the Chinese century? Starting thread to track examples of US loss of power and influence after our @phenomenalworld.bsky.social essay @katemac.bsky.social @laramerling.bsky.social phenomenalworld.org/analysis/pol...

This is the most important story in the United States right now. www.wired.com/story/treasu...

Remembering the “Gaza 2035” plan created by Netanyahu’s office, as summarized by Adam Tooze here. Dubai on the Med linked by new rail lines to other ME hubs. Might appeal to a US real estate developer with interests in the region…

USAID currently manages $40bn. Each staff member would be responsible for $136 million. Is there any part of USG that gets close to that kind of ratio? (I'm sure the administration is planning cuts, but, honestly, the law suggests Congress gets a say in that.)

A federal judge has barred the US Treasury from handing data from its payments system to outsiders, in an early legal blow to Elon Musk’s crusade to slash government spending. www.ft.com/content/097b...

Contagion already starting Paging @disintegrationerc.bsky.social...

As immigration policy remains a contentious issue in the US, Dany Bahar provides four areas for some common ground and more constructive conversations. From the need for more workers to competing for global talent, read the full suggestions: https://www.cgdev.org/blog/us-migration-policy-too-pola…

You probably don't recall all USAID staff members if you're planning to carry on work in a meaningful way. Rubio's 'review' increasingly seems a sham cover. abcnews.go.com/Politics/liv...

"It's because of the global impact of US assistance that any disruption of that support will have an immense cost." To prevent deaths during the aid freeze, @charlesjkenny.bsky.social urges Secretary Rubio to issue clarifications/waivers naming bureaus & programs: www.cgdev.org/blog/prevent...

Elon says 90% of US aid never reaches communities. He confuses USAID's 90% reliance on intermediaries -- US companies delivering HIV drugs, WFP delivering food aid -- with waste. Comical if not so dangerous. @rachelbonnifield.bsky.social & I break down where aid goes: www.cgdev.org/blog/no-90-p...

Trump floated funding a sovereign wealth fund with tariffs, and Treasury Secretary Scott Bessent said the U.S. “would monetize the asset side” of the federal balance sheet without explaining what that would entail. (1/x) thehill.com/policy/techn...