Climate financial intermediary funds (FIFs) represent one of the largest sources of multilateral grant and other concessional finance for climate, including for middle-income countries (MICs). Together, they have received more than $50 billion in cumulative grant funds from donors. They have collect...

Debt and climate change are defining challenges for many countries in Africa. Governments across the continent are seeing their debt burdens mount—some to unsustainable levels—as they race to mobilize resources to adapt and respond to the increasingly severe climate crisis.

An effective transformation of the MDB system can’t happen from Washington alone—what emerging markets and low-income countries alike want from the MDB system will need to be front and center. To ensure borrower perspectives are a major part of the conversation, two finance ministers have agreed to ...

World Bank loan terms are becoming increasingly attractive as global interest rates soar. This is not because the Bank’s International Bank for Reconstruction and Development (IBRD) loans have gotten cheaper, but because the average emerging market’s (EM) borrowing costs have risen so much more dram...

Not every country at risk of debt distress is at risk of a famine, and vice-versa. But for the handful of countries that are vulnerable to both, the interplay between the two crises could exact a devastating human toll.

The World Bank/IMF Annual Meetings begin next week—against a backdrop of mounting economic crises and uncertainty. How can we reduce global debt? Rethink the MDB/IMF system to address pressing issues like pandemics, climate change, and food security? Support poor countries where they need the most a...

In March, the World Bank estimated that a dozen developing countries could default on their debt over the next 12 months. The warning signs are everywhere. Investors have pulled $50 billion from emerging-market bond funds this year, and the debt of nearly one-third of these countries is trading at d...