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Blog Post
July 19, 2023
My judgement is that the MDB reform needle wasn’t so much moved as sharpened—the G20 Finance Ministers have made clear what the immediate priorities are. The G20 will have a chance to weigh in on the MDB agenda again in September when India chairs the Leaders’ Summit. Ideally, they will have a bit m...
BRIEFS
July 17, 2023
In the fall of 2022, World Bank shareholders (member governments, including the United States) called for a suite of reforms aimed at better enabling the institution to respond to today’s global development challenges, such as pandemics, climate change, and natural disasters. The World Bank is one o...
Blog Post
June 28, 2023
On June 26, France released an outcome document from the Summit for a New Global Financing Pact, which brought together governments, multilateral develop banks and other stakeholders to consider reforms to the global financial system. So just what are the elements of this new global compact?
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 27, 2023
The post-conference statement from the recently concluded Paris Summit for A New Global Financing Pact undercuts the calculations at the core of the idea we could take billions of multilateral finance and ODA to mobilize trillions of private investment for climate and development. If the Paris Summi...
Blog Post
June 27, 2023
Ajay Banga has begun his mandate as the newly elected President of the World Bank. Several blogs and papers have been written offering advice on what his priorities should be. Most suggestions assume that the World Bank President's office is a very powerful lever that can significantly change the or...
BRIEFS
June 20, 2023
The Pandemic Fund should strategically invest in pandemic preparedness, including for its first call for proposals for surveillance, laboratories, and human resources. This strategic approach should consider both ex ante and ex post considerations of investments for pandemic preparedness.
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...