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Blog Post
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...
Blog Post
July 26, 2023
The international development finance system is awash with ideas for increasing finance for climate change initiatives. The small island state of Barbados has been a key voice, last year launching the Bridgetown Initiative , calling for a broad set of financing reforms, some focused on the World ...
Blog Post
July 25, 2023
The principle of a “just transition” is anchored in the 2015 Paris Agreement. But only in recent years has this principle been fully recognized as an enabler and accelerator of coal power decarbonization efforts. A just transition integrates decarbonization efforts with measures to mitigate the dire...
CGD NOTES
July 25, 2023
The principle of a “just transition” is anchored in the 2015 Paris Agreement. But only in recent years has the principle been fully recognized as an enabler and accelerator of power decarbonization efforts by integrating measures that aim to mitigate the direct, indirect, and induced adverse impacts...
Blog Post
July 25, 2023
As the RST builds momentum and scores of countries seek its concessional loans and technical assistance, a new CGD paper, The Resilience and Sustainability Trust: Early Learning and Challenges from Costa Rica and Rwanda, provide early learning from the point of view of lower-income countries themsel...
POLICY PAPERS
July 25, 2023
Demand for the IMF's Resilience and Sustainability Trust (RST) is strong, and the RST is becoming the IMF’s de facto climate finance facility. At the same time, the RST faces a number of challenges, including being far too small to confront climate resilience. Early lessons from RST pilots in Costa...
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...
CGD NOTES
July 17, 2023
Low-income countries are in a battle for their lives and livelihoods, but they lack the resources to respond effectively. As the largest single source of development finance for the world’s poorest countries, the World Bank’s International Development Association (IDA) must be at the center of the s...
Blog Post
July 06, 2023
The IMF’s new Resilience and Sustainability Trust (RST) has gotten a lot of support from donors wanting to recycle their IMF special drawing rights (SDRs). As of June 8, total pledges for the RST amount to $40.6 billion, falling $3 billion short of the initial fundraising target. With few recycling ...