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Blog Post
February 20, 2024
There is some good news on global climate change. The International Energy Agency suggests we are “at the beginning of the end” of the fossil fuel era, with ‘peak fossil’ likely this decade. And the consensus amongst climate modelers appears to be that the worse scenarios historically used by the IP...
WORKING PAPERS
November 27, 2023
International financial institutions (IFIs) appear to agree that quality of policymaking sees gains from diversifying the body of policymakers, all issuing diversity, equity, and inclusion statements. But how do these institutions perform when it comes to their own staff— do they lead by example? We...
Blog Post
November 07, 2023
For all of the well-advertised risks of overdependence on subsoil assets, they are an important source of government revenues and well-renumerated employment for a number of low- and middle-income countries. But a global economy moving towards low-carbon production is going to dramatically shift dem...
Blog Post
October 05, 2023
Next week, finance ministers and other officials from around the world will descend on Marrakech for the World Bank and IMF annual meetings. Read on for a range of quick reactions from CGD's experts on what will happen next week, and what should happen—and how we get from one to the other.
Blog Post
August 29, 2023
As new president Ajay Banga settles in to his position atop of the World Bank, his thoughts will be on institutional reform. Not least, the mandate he has been given to “evolve” the Bank to take on the mission of climate change. How do you redeploy 19,000 staff members in a new structure to get res...
Blog Post
June 13, 2023
Subsequent statements and declarations made it fairly clear that all $100 billion was meant to be new and additional –presumably ‘new and additional’ to existing financial transfers to developing countries. But there is no consensus definition of “new and additional climate finance.” That raises th...
Blog Post
March 14, 2023
The World Bank’s Evolution Roadmap suggests the institution could provide more grants and subsidies to activities that support the provision of global public goods (GPGs), particularly in richer developing countries. Provision of those public goods is surely a priority: avoiding future pandemics and...
Blog Post
March 06, 2023
In a new paper, Zack Gehan and I present scenarios for the global economy in 2050. These scenarios build on a forecast of economic growth built around income, population, education, and temperature. The process suggests a considerable degree of uncertainty about how the world will look in three de...