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Blog Post
March 07, 2024
An extraordinary cascade of crises threatens Africa’s growth and economic stability. The incomplete economic recovery from the global pandemic, Russia’s invasion of Ukraine, food and fuel inflation, rising debt distress, and Israel’s ongoing war in Gaza have all aggravated geopolitical and geo-econo...
Blog Post
June 28, 2023
On June 14, we published a paper titled “What Counts as Climate?” where we argued that the World Bank has developed a climate portfolio that lacks estimates of greenhouse gas emissions reductions and has no standardized reporting on GHG estimates. Last week, the World Bank sent an email to members o...
Blog Post
June 20, 2023
The Biden administration’s efforts to provide attractive alternatives to Chinese finance in the developing world coincides with a period of pronounced financial stresses for these countries. After years of ready access to capital markets, coinciding with China’s rise as the dominant source of govern...
Blog Post
June 14, 2023
Too often, climate finance is treated as a proxy for climate outcomes when it comes to agenda-setting and strategy at the multilateral development banks. Over the last 18 months, the World Bank’s shareholders have led a major reform push that would have the Bank focus more on climate, with the discu...
Blog Post
May 15, 2023
A significant portion of African borrowing over the last decade has gone toward building infrastructure, but still, infrastructure has not kept up with population growth across the continent. Africa currently trails the rest of the world on every measure of infrastructure coverage. This deficit is m...
Blog Post
April 20, 2023
For the first time in a very long time, the US government bureaucracy has instructions to expand its engagement with Africa. This has raised questions, especially in Africa, about whether these changes mark an inflection point in the relationship between the United States and its African partners.