Earlier this week, CGD’s board chair Lawrence Summers started a speech at the Confederation of Indian Industry with a clarion call for cooperation in the face of global threats like climate change and pandemics. This is a moment of discontinuity, and incrementalism will simply not deliver on the sca...

The rapid evolution of the development landscape, amid ongoing crises such as the war in Ukraine and climate change, presents profound challenges for all development actors. The various challenges intersect in unprecedented ways, amplifying the complexities faced by development cooperation providers...

The IMF has now approved ten new loans to countries under its new Resilience and Sustainability Trust (RST), established in 2022 to provide financial support on concessional terms to countries facing long-term structural challenges arising from two key threats: climate change and pandemic preparedne...

This week’s General Assembly was a gloomy affair as UN officials strained to defend multilateralism in an increasingly polarized world with several major heads of state MIA.

The likelihood of capital increase for the World Bank’s non-concessional lending arm, the IBRD, appears to be climbing. At least an odd European government appears to be doing some preparatory work for it. But any negotiations around a capital increase may be complex. Large shareholders and borrowe...

G20 leaders recognise the pivotal role the multilateral development banks (MDBs) play in tackling global challenges and supporting sustainable development. Now they must more clearly define and carry forward the agenda with urgency and at scale.

Among the many achievements, the G20 leaders’ commitment to gender equality was remarkable for their focus and breadth of coverage. The declaration focused on women-led development and women’s economic empowerment, recognizing the wide gaps in male and female employment and labor force participation...