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Member Spotlight

President-elect Joe Biden is set to nominate Janet Yellen as Treasury secretary – the 78th in US history and the first woman.

The global scale of the COVID-19 crisis threatens micro-, small-, and medium-sized enterprises, which dominate employment around the world — especially in lowest-income countries.

A recent CGD paper and the World Bank’s response  focused on precisely how much financial support the Bank is likely to provide this year to low- and middle-income countries (LMICs) and whether this would match with targets the institution set for itself at the start of the COVID-19 pandemic.

In a new report, the Global Development Policy Center outlines an ambitious new proposal for comprehensive debt relief that includes the private sector and middle-income countries, in an effort to jump start a green and inclusive recovery from COVID-19.

As of Friday morning, despite Joe Biden being up a convincing 4m votes in the presidential election, America – and the world – incredibly is anxiously awaiting the declaration of a winner, due to the inimitable electoral college.

In the wake of the US presidential vote, there are three things that are clear at this stage that spell trouble for the US economy, and well beyond that.