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CGD NOTES
Settling the Climate Debt
Benedict Clements et al.
September 25, 2023
More than 190 countries have pledged under the 2015 Paris Agreement to reduce carbon emissions, including from fossil fuel consumption, by 2030 to avoid the negative effects of rising global temperatures. However, there is a large gap between what countries have committed to do and what needs to be ...
Blog Post
IMF Support for Climate Resilience in Africa Is Helpful, But More Can Be Done
Daniel Citrin
and
Daouda Sembene
September 22, 2023
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...
Blog Post
Lagos to Mombasa: Are Energy Access and Climate Mitigation at Odds?
W. Gyude Moore
September 13, 2023
Olu Verheijen from the Nigerian government and Vijaya Ramachandran from the Breakthrough Institute join Gyude to discuss the scale and nature of the energy crisis in Africa, the role that renewable energy can (and can't) play in addressing it, and what steps African countries—and partners—can take t...
Blog Post
Don’t Reorganize the (Whole) World Bank to Fight Climate Change
Charles Kenny
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
The Resilience and Sustainability Facility’s Recent Programs Still Fall Short of its Ambitious Goals
Sanjeev Gupta
and
Hannah Brown
August 22, 2023
In an earlier paper (and blog) published in March, we assessed the initial five programs supported by the IMF’s the Resilience and Sustainability Trust (RST), a new financing vehicle designed to help countries address climate change and pandemic preparedness. Among our findings, four stood out. Firs...
Blog Post
Lagos to Mombasa: How Can Smallholder Farmers Prepare for Climate Change?
W. Gyude Moore
August 17, 2023
Gillian Pais of McKinsey & Company returns to Lagos to Mombasa to discuss the importance of localizing climate solutions, strategies to promote the uptake of climate-smart agriculture, and the role of regional organizations in sharing best practices.
Blog Post
The Administration’s World Bank Request: Bullish in a China Shop
Karen Mathiasen
August 15, 2023
On August 10, the White House submitted a $40.1 billion emergency supplemental request to Congress that includes $2.25 billion for the World Bank. The request for the Bank is well balanced: it would provide $1.25 billion to support “global challenges” (a more politically palatable term than climate ...
Blog Post
Using the Fear of Migration to Drum Up Support for Aid is Wrong
Charles Kenny
August 01, 2023
A number of aid advocates have started (re)using the fear of migration flows to drum up support for increased, or at least sustained, development and climate finance. Their argument is that such finance will reduce migration flows; that we should support and protect prosperous and sustainable econom...
POLICY PAPERS
GPGs and Where to Fund Them: The Startling Implications of Financing Global Public Good Provision for the Multilateral Development Banks
Ranil Dissanayake
July 26, 2023
Public and policy discourse has been imprecise in its definition of what constitutes a global public good, with implications for our understanding of how MDBs contribute to them. Once this is corrected for, it becomes apparent that, except under restrictive conditions that are unlikely to hold in th...
Blog Post
You Can’t Have It Both Ways: Why the MDB System Cannot Deliver Both Development and Global Public Goods Well
Ranil Dissanayake
July 26, 2023
The effects of anthropogenic climate change are upon us, and the time for serious action is past due. In this context it is unsurprising that many observers are turning to the multilateral development banks (MDBs) for this action. These are institutions whose names inspire the potential for grand ac...

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