News
From Paradigm Maintenance to Paradigm Shift: A Mood Change on Industrial Policy
By Richard Kozul-Wright Last month, the World Bank announced the return of Industrial Policy for Development in a report described Read more
Impact in Action: GDP Center at the 2026 IMF/World Bank Spring Meetings
This week, global economic leaders, policymakers and civil society representatives gathered in Washington, DC for the 2026 Spring Meetings of Read more
Climate Change and External Fragility: Lifeline Fund as a Financial Arrangement for V20 Countries
On the sidelines of the 2026 World Bank & International Monetary Fund (IMF) Spring Meetings, the Barbados Presidency of the Read more
Productive Finance for the Belt and Road Initiative: Reexamining China’s Debt Sustainability Framework
China has committed over US$1 trillion in overseas financing, much of it directed toward productive public assets that have helped Read more
Adjustment without Accumulation: Evidence on Capital Formation from IMF Programs
The mission of the International Monetary Fund (IMF) is to promote international financial stability through liquidity support, surveillance and capacity Read more
Toward More Effective IMF Programs: Learning from the Evidence on Conditionality
The International Monetary Fund (IMF) conducts periodic Reviews of Program Design and Conditionality (RoC), and it is currently undergoing the Read more
Cutting Trees to Balance Budgets: International Monetary Fund Programs are Associated with Increased Deforestation
International financial institutions (IFIs) are increasingly expected to support environmental and climate goals. Among them, the International Monetary Fund (IMF) Read more
Patient Capital, Long-Term Orientation and Global Imbalances: A Rebuttal
By Yan Wang The global economy in early 2026 is confronted with an escalating war in the Middle East causing Read more
Greening the Steel and Cement Used in China’s Global Infrastructure Projects
China’s development finance institutions (DFIs), primarily the China Development Bank (CDB) and the Export–Import Bank of China (CHEXIM), have become Read more
Weighing In: How Much Steel and Cement Go Into China’s Global Infrastructure Projects?
By Cecilia Springer, Hanjie Wang and Ali Hasanbeigi When a new railway line connects cities in East Africa or a Read more