Sign in

Clémence Landers

@clemencelanders.bsky.social
526 followers 539 following 38 posts

Vice President & Senior Policy Fellow @ The Center for Global Development. @cgdev.bsky.social. Former US Treasury and World Bank. post = my views.

PostsRepliesMedia
Reposted by Clémence Landers
Charles Kenny @charlesjkenny.bsky.social · 27/07/2026
A quick note on the impact of the Trump administration ending Temporary Protective Status for 350,000 immigrants from Haiti today.
176
Reposted by Clémence Landers
Charles Kenny @charlesjkenny.bsky.social · 21/07/2026
From a new paper by @clemencelanders.bsky.social, Karen Mathiasen and Nico Martinez. Shift richer countries to the IBRD, keep IDA's focus on the poorest. www.cgdev.org/blog/priming...
cgdev.org
Priming the Pump for a Successful IDA22
Our hope is that stakeholders will coalesce around a series of reforms to address deficiencies in the current model that have led to a surfeit of IDA-eligible countries above the income threshold, con...
001
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 15/06/2026
Aid to sub-Saharan Africa fell by ~16–28% in 2025, putting pressure on governments already facing tight fiscal constraints. Join CGD and the IMF for a discussion on what these cuts mean for fiscal stability, public services, and the future of development finance in the region. go.cgdev.org/4v13LHP
031
Reposted by Clémence Landers
Mohamed A. El-Erian @elerianm.bsky.social · 29/04/2026
Thanks to the @cgdev.org Board for electing me. I am greatly honored to serve in this role, especially at such a pivotal moment for the global economy—one that increasingly threatens the most vulnerable segments of society, particularly in developing countries I have long admired... 1 of 2
2345
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 29/04/2026
We’re delighted to announce that @elerianm.bsky.social has been elected as the next Board Chair of @cgdev.org. A globally respected economist, he brings experience across finance, policy, and academia, along with a strong commitment to rigorous, independent research. go.cgdev.org/48xItIG
132
Clémence Landers @clemencelanders.bsky.social · 22/04/2026
110
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 17/04/2026
The Iran war is triggering an economic shock: raising oil prices, straining supply chains, and tightening financing. 🎧 In a new CGD podcast, @clemencelanders.bsky.social speaks to Liliana Rojas-Suarez & Catherine Pattillo on what this means for low- and middle-income countries: go.cgdev.org/4mJcKKn
001
Clémence Landers @clemencelanders.bsky.social · 13/04/2026
In this episode of the @cgdev.org podcast, I’m joined by Liliana Rojas-Suarez & Catherine Pattillo (our new Senior Fellow at @cgdev.org (!!!) and former deputy director of the IMF’s African Department) to discuss what the war in Iran means for developing countries. www.cgdev.org/blog/cgd-pod...
cgdev.org
The CGD Podcast: What Does the Iran War Mean for Low- and Middle-Income Countries? With Liliana Rojas-Suarez and Catherine Pattillo
CGD's Clemence Landers, Liliana Rojas-Suarez, and Catherine Pattillo look at how the Iran war compares to recent shocks like COVID-19 and the war in Ukraine, how governments are responding—from fuel s...
031
Clémence Landers @clemencelanders.bsky.social · 13/04/2026
Happy Bank-Fun(d) week for those of you who celebrate! See @cgdev.org fantastic event line-up and come say hi! #SpringMeetings
120
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 11/03/2026
Catch CGD's @clemencelanders.bsky.social discussing aid cuts and the crisis of development on the DebtTalks podcast: www.sciencespo.fr/chair-sovere...
sciencespo.fr
DebtTalks Season 2, #11 - Retrenching aid in a volatile world
This episode features Paola Subacchi in conversation with Clemence Landers.
012
Reposted by Clémence Landers
Charles Kenny @charlesjkenny.bsky.social · 26/01/2026
@clemencelanders.bsky.social says IBRD could fill the gap in IDA funding created by falling donor pledges using its $2.8bn/yr profits. It should do that. www.cgdev.org/blog/world-b...
cgdev.org
Is the World Bank Spending Its Record Profits Optimally?
Despite the global development system’s existential funding crunch, the World Bank is booking record profits. Last fiscal year, the World Bank reported a record $2.4 billion in profit. And in the firs...
013
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 11/12/2025
The Millennium Challenge Corporation (MCC) recently introduced big changes to its country scorecards, which inform partner selection. @ecollinson.bsky.social & Julia Brownell give a quick rundown of what’s new and what it portends for the agency’s future programming: go.cgdev.org/3KTiPW4
go.cgdev.org
A Quick Look at MCC’s New Scorecards
The Millennium Challenge Corporation (MCC) recently introduced big changes to its country scorecards, which inform partner selection. Here’s a quick rundown of what’s new and what it portends for the ...
001
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 09/12/2025
Check out @jmadankeller.bsky.social, @clemencelanders.bsky.social, and @rrockafellow.bsky.social's policy paper on how the Global Fund can adapt to a shrinking aid landscape, as featured in a @healthbeat.org article about the Global Fund filling in donation gaps: go.cgdev.org/44crtpk
go.cgdev.org
How the Global Fund might cover a $6.7B shortfall in donations
Also in the Global Health Checkup: A grim outbreak in Ethiopia, bird flu, WHO layoffs, and a dengue cure shut down by Johnson & Johnson.
001
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 02/12/2025
As aid budgets shrink, the Global Fund’s next $18B replenishment target looks unlikely. A rethink is needed. @jmadankeller.bsky.social & @clemencelanders.bsky.social outline how a mixed grant–loan model could strengthen the Fund’s future: go.cgdev.org/4odMAyJ
go.cgdev.org
Weathering the Donor Downturn: The Case for a New Financial Model for the Global Fund
The Global Fund is heading into its replenishment with a lofty fundraising goal: $18 billion for the next three years (2026–2028). But in today’s world of shrinking aid budgets, that target might alre...
001
Reposted by Clémence Landers
Janeen Madan Keller @jmadankeller.bsky.social · 13/11/2025
📣Excited to share new @cgdev.org research w co-conspirators @clemencelanders.bsky.social & Rowan Rockafellow exploring an alternative funding path for the Global Fund in a shrinking aid landscape Full disclosure, it's a bit wonky🤓 so hang on for the ride Summary blog: www.cgdev.org/blog/weather...
cgdev.org
Weathering the Donor Downturn: The Case for a New Financial Model for the Global Fund
The Global Fund is heading into its replenishment with a lofty fundraising goal: $18 billion for the next three years (2026–2028). But in today’s world of shrinking aid budgets, that target might alre...
154
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 07/11/2025
"This might be a moment of opportunity...to build a new modernized and more equal system. Redefine the rules and redefine who gets to write the rules." @clemencelanders.bsky.social discusses how a new vision for global development cooperation can reshape the system: go.cgdev.org/3Lk1OV7
012
Reposted by Clémence Landers
Benjamin McKean @blmckean.bsky.social · 24/10/2025
Spirit Halloween now has a section devoted to Trump’s economic policies
Photo of Spirit Halloween, which has a tariff aisle including a sign that says “Tariff-ied,” t-shirts that say “once I was afraid now I’m tariffied,” and costumes of Trump’s tariff chart
1244787
Reposted by Clémence Landers
Financial Times @financialtimes.com · 18/10/2025
Does France need a wealth tax? on.ft.com/4onIDYn
6486
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 09/09/2025
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: bit.ly/4698A6z
cgdev.org
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...
001
Clémence Landers @clemencelanders.bsky.social · 23/07/2025
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...
ft.com
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
010
Reposted by Clémence Landers
Janeen Madan Keller @jmadankeller.bsky.social · 10/07/2025
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/...
cgdev.org
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...
024
Reposted by Clémence Landers
Janeen Madan Keller @jmadankeller.bsky.social · 18/07/2025
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/...
cgdev.org
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...
133
Reposted by Clémence Landers
Janeen Madan Keller @jmadankeller.bsky.social · 27/06/2025
#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
cgdev.org
011
Reposted by Clémence Landers
Amanda Katz @katzish.bsky.social · 30/06/2025
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
15290110
Reposted by Clémence Landers
Helen Dempster @helen-dempster.bsky.social · 05/06/2025
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...
nytimes.com
Trump Targets Key Lifeline for Africa: Money Sent Home by Immigrants
089
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 28/05/2025
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:
cgdev.org
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…
011
Reposted by Clémence Landers
Eeshani Kandpal @eeshani.bsky.social · 28/05/2025
We’re only smiling because it’s not a real goodbye to @justsand.bsky.social
061
Reposted by Clémence Landers
Charles Kenny @charlesjkenny.bsky.social · 20/05/2025
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.
001
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 20/05/2025
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...
cgdev.org
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...
011
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 14/05/2025
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...
npr.org
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.
096
Clémence Landers @clemencelanders.bsky.social · 06/05/2025
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...
cgdev.org
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...
134
Clémence Landers @clemencelanders.bsky.social · 06/05/2025
One of the greatest moments in music history.
020
Reposted by Clémence Landers
Adam Tooze @adamtooze.bsky.social · 26/04/2025
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!
14912
Reposted by Clémence Landers
msobel.bsky.social @msobel.bsky.social · 19/04/2025
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...
thehill.com
The IMF is a fantastic deal for America
If the U.S. steps back from the IMF, there will only be one winner: China.
032
Reposted by Clémence Landers
Devex @devex.com · 18/04/2025
Tune in to the full podcast episode⬇️
devex.com
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.
011
Reposted by Clémence Landers
Devex @devex.com · 18/04/2025
.@clemencelanders.bsky.social, vice president and senior policy fellow at the @cgdev.org, previews the upcoming IMF and World Bank Spring Meetings. #IMF #WorldBank #SpringMeetings
102
Clémence Landers @clemencelanders.bsky.social · 18/04/2025
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...
devex.com
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.
021
Clémence Landers @clemencelanders.bsky.social · 17/04/2025
CGD is the place to be for the 2025 Spring Meetings! Please check out our exciting list of events and come say hi.
146
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 14/04/2025
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
025
Reposted by Clémence Landers
Rachel Glennerster @rglenner.bsky.social · 09/04/2025
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.
043
Reposted by Clémence Landers
Aaron Sojourner @aaronsojourner.org · 09/04/2025
"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%.
4178
Reposted by Clémence Landers
Janeen Madan Keller @jmadankeller.bsky.social · 09/04/2025
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...
cgdev.org
How Do Multilateral Funds Survive the Donor Retreat?
Multilateral concessional funds like Gavi or the World Bank’s IDA are the largest source of development finance for the world’s poorest countries. But with shrinking donor commitments, the system need...
013
Reposted by Clémence Landers
Carl Quintanilla @carlquintanilla.bsky.social · 06/04/2025
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 ..”
551166280
Reposted by Clémence Landers
Daniel Bergstresser @dbergstresser.bsky.social · 31/03/2025
the art of the deal
091
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 27/03/2025
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...
cgdev.org
Is the Trump Administration Serious about Merging DFC and MCC?
According to a recently leaked document, the Trump administration is considering reorganizing the US foreign assistance architecture, with an eye to merging MCC, DFC, and USTDA.
011
Clémence Landers @clemencelanders.bsky.social · 10/03/2025
Welcome to the new transactional era where US assistance is "what have you done for me lately". www.ft.com/content/3f63...
ft.com
US in exploratory talks with DR Congo over mineral deal
Central African nation seeks military support against rebel offensive in exchange for natural resources
021
Reposted by Clémence Landers
Center for Global Development @cgdev.org · 08/03/2025
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
141
Reposted by Clémence Landers
Matt Collin @mattcollin.bsky.social · 04/03/2025
If they are to remain credible, the FATF and European institutions need to begin treating the US as a high-risk jurisdiction
23919
Reposted by Clémence Landers
Terence Wood @terencewoodnz.bsky.social · 25/02/2025
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...
theguardian.com
Starmer announces big cut to UK aid budget to boost defence spending
PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than planned
102