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Blog Post
April 25, 2023
MDBs and DFIs know how to originate assets in markets that other investors are unable to reach. Some have also learnt how to package and share these assets with institutional investors. It's time they focused these capacities on scaling up their mobilization of private capital in areas where there i...
Blog Post
April 10, 2023
Among IDA’s key substantive priorities is gender and development—which sits alongside human capital; fragility, conflict, and violence; jobs and economic transformation; and climate change as an overarching special theme. But despite IDA’s inclusion of gender equality as a theme beginning in 2016, i...
Blog Post
April 10, 2023
On the face of it, the case for a general capital increase for the World Bank should be obvious and urgent in our age of the polycrisis. It is a very efficient way to support an increase in development and climate lending by an order of magnitude. A $20 billion paid-in capital increase would support...
Blog Post
March 14, 2023
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...
Blog Post
March 09, 2023
Dana Hyde showed tremendous leadership and wisdom as the fourth head of the Millennium Challenge Corporation (MCC), serving for nearly three years during President Obama’s second term. These brief notes on her leadership are our way of providing a tribute to her major contributions to MCC’s effectiv...
Blog Post
March 03, 2023
Last week, the Biden administration nominated Ajay Banga, former head of Mastercard, as a candidate to be the next World Bank president. I welcome President Biden’s choice, because Banga is an exciting and well-qualified candidate. As with any nominee, I hope the Bank’s shareholders will consider hi...
Blog Post
March 02, 2023
Since taking office, the Biden-Harris administration has introduced and started to implement a suite of new policies and strategies to advance global gender equality and ensure the enabling conditions for women to exercise voice and agency in their homes, workplaces, communities, and public life.