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Blog Post
July 06, 2023
Calls for MDB reform have emerged in recent years, including at COP27 and by G20 leaders. These have largely focused on scaling up the amount of funding available. What’s really needed is a paradigm shift: MDBs must evolve both in the work they do and the way they operate to meet the world’s urgent ...
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 19, 2023
When Boris Johnson announced the creation of the Foreign, Commonwealth and Development Office in September 2020, he signaled the dissolution of the Department for International Development (DFID) after nearly 25 years. In a new series, to be published over the next 18 months, we will look at the wa...
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
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...