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Blog Post
August 18, 2022
Last month, the International Monetary Fund (IMF) Board approved the institution’s first Gender Mainstreaming Strategy. This is good news—and the process used by the IMF gender team to draft and seek feedback on the strategy bodes well for the implementation of this important work. But the proof of...
Blog Post
July 20, 2022
Policy-based guarantees (PBGs) have long been a multilateral development bank (MDB) instrument in search of a purpose. PBGs—a credit enhancement for sovereign market borrowing—have been around for decades but their uptake has been limited. In most instances, they have proven remarkably effective in ...
CGD NOTES
July 20, 2022
Multilateral development bank policy-based guarantees (PBGs) have long been an instrument in search of demand. First introduced in 1999 at the International Bank for Reconstruction and Development to help governments access market borrowing at attractive rates, their track-record has been uneven, an...
Blog Post
April 05, 2022
Ukraine has close to $2.7 billion in principal and interest payments due to the World Bank and IMF in 2022. The government of Ukraine should not be expected to repay its debt to the international financial institutions (IFIs) while it is mobilizing all its resources to fend off the Russian invasion...
CGD NOTES
March 14, 2022
In the face of sudden economic shocks and natural disasters that limit the ability of economies to rapidly raise revenue, MDBs have the potential to play a leading role in crisis response to minimize the damage. One key factor in their success in this role is the speed of their financing instruments...
Blog Post
March 14, 2022
When sudden shocks like the COVID-19 pandemic cripple an economy’s ability to rapidly raise revenue and reallocate limited resources, multilateral development banks (MDBs) can lead the crisis response. MDBs provide a range of instruments that support countries in different ways and at different peri...
Blog Post
March 07, 2022
This International Women’s Day, we want to both celebrate the women who lead multilateral development organisations, and draw attention to those organisations where the “glass ceiling” remains intact. While women’s representation has improved over the last few decades, our analysis shows that 60 per...
Blog Post
March 04, 2022
This week, the World Bank and Asian Infrastructure Investment Bank (AIIB) announced the suspension of their programming in Russia and Belarus (see here and here). Similarly, earlier this week, the EBRD board voted to submit a resolution to their governing body to open-endedly suspend financing...