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Blog Post
May 23, 2024
In this blog we summarise our new analysis, in which we estimate with a high level of confidence that over $100bn of climate finance was indeed provided in 2022. In our central estimate, we project $106.8bn of climate finance was provided, meeting the goal in the OECD’s interpretation. We also consi...
CGD NOTES
May 23, 2024
Developed countries committed to provide or mobilise $100 billion (bn) per year in climate finance by 2020. Although that goal was missed, the OECD suggested last year that it was likely that the goal had been met in 2022. In this note, we use newly available bilateral and multilateral finance data ...
Blog Post
May 17, 2024
At a time when global challenges appear daunting and geopolitical rivalries are rising, it is useful to remind ourselves that the past 75 years have seen more improvement in the human condition than ever before. Fifty years ago, half the world lived in extreme poverty, today it is less than one in 1...
Blog Post
May 16, 2024
Development cooperation has reached a crossroads. Humanitarian needs are rapidly increasing as violent conflicts erupt and continue, and geopolitical rivalry is contributing to a more fragmented development landscape. Difficult economic conditions in many of the poorest countries are paired with shr...
Blog Post
May 15, 2024
On Friday, May 10, 2024, the IMF Executive Board approved the recycling of special drawing rights (SDRs) to multilateral development banks (MDBs) for use as hybrid capital. It took a long time to get to this point, and the IMF should be congratulated for overcoming strong opposition, even from some ...
CGD NOTES
May 14, 2024
This note presents two scenarios for the world economy and development prospects to 2050 based on the forecasting exercises and analysis presented in a series of papers by Philip Adom, Augustin Kwasi Fosu, Dede Woade Gafa, Zack Gehan, Brian Webster, Ranil Dissanayake and Charles Kenny.
Blog Post
May 10, 2024
Here is a Mother’s Day shout-out to all the mothers working at international financial institutions (IFIs) around the world, and especially to mothers at the two banks I know best: the World Bank and the Inter-American Development Bank, where I worked for a total of almost two decades with at least ...
Blog Post
May 06, 2024
MEL practitioners—and knowledge producers more generally—should adopt an approach that is attuned to a realistic model of the stages of the policy process and be ready to seize windows of opportunity to apply evidence. This may require navigating competing demands, recognizing tradeoffs, and making ...