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Press Release
February 22, 2023
A new study examining the impact of 13 rising economies including China, Brazil and India on global development has found that their contributions to multilateral institutions like the World Bank and the UN have increased five-fold over a decade, totalling around $6 billion in 2019, compared to just...
CGD in the News
October 12, 2016
The multilateral development banking system is due for a major overhaul, according to a high-level panel assembled by the Center for Global Development. Institutions including the World Bank and regional MDBs need to recalibrate their missions, rethink their values, and work better as a collective s...
CGD in the News
September 05, 2014
The U.S. needs to play a greater role in the World Bank to improve its perception in developing markets, according to Nancy Birdsall, president of the Washington-based Center for Global Development.
Emerging-market economies are making a bid for greater influence on the global financial system, wit...
CGD in the News
March 28, 2014
This week, the US Congress again failed to approve a modest appropriation that would have shored up financing for the International Monetary Fund and given China and other emerging economies greater responsibility there. Support for the IMF may seem arcane, but it has important implications for Amer...