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Elusive Development

A blog about development challenges in the developing world

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From Billions to Trillions to Traps: Rethinking Development Finance from the Periphery
  • Dmitry Pozhidaev
  • June 5, 2025
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From Billions to Trillions to Traps: Rethinking Development Finance from the Periphery

The failure of the “billions to trillions” agenda is not just a technical shortfall — it reflects deeper structural imbalances in global finance. While MDBs continue to mobilize capital throu

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COVID-19 and fiscal space of Ugandan local governments
  • Dmitry Pozhidaev
  • April 30, 2020April 30, 2020

COVID-19 and fiscal space of Ugandan local governments

Local government fiscal space consists of three main components, own source revenues, intergovernmental fiscal transfers (grants) and borrowing. Considering that the share of borrowing in local gov

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