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Blog Post
May 17, 2023
Is Spain on track to become a bigger player within global development, and what is needed to ensure the reform has a lasting impact? In this blog we look at previous attempts at reform, assess what might be different this time, and conclude by providing suggestions on what policymakers could do to f...
Blog Post
May 16, 2023
The potential for emerging technology in Africa is vast. With a future population of 2.5 billion people, the continent presents a huge market opportunity for businesses to tap into. For Japanese companies, there is a massive middle class opportunity waiting to be exploited. However, simply building ...
CGD NOTES
May 03, 2023
The productivity drought and the unending search for GDP growth by high- and middle-income countries has drawn attention to the flagging vigor of large incumbent corporations and the need to groom a crop of "unicorns"—highly valued, entrepreneurial, superstar firms can potentially dial up competitio...
Blog Post
April 27, 2023
The IMF should be applauded for implementing the Resilience and Sustainability Facility (RSF). That said, it is highly improbable that extending RSF financing to an additional 44 countries will be feasible in the next one or two years as it would require a major change in the mindset of borrowing co...
Blog Post
April 21, 2023
At the Spring Meetings of the World Bank, a range of shareholders repeated their call for multilateral development banks (MDBs) to do more, particularly with regard to climate finance. At the same time, client countries are demanding these institutions preserve their core mandate to support developm...
Blog Post
April 14, 2023
The dialogue around World Bank reform proposals has been dominated by Northern voices. But in the last week, representatives of World Bank Group client countries both based in the city and visiting for the World Bank-IMF Spring Meetings have helped to rebalance the discussion.
Blog Post
April 10, 2023
On the face of it, the case for a general capital increase for the World Bank should be obvious and urgent in our age of the polycrisis. It is a very efficient way to support an increase in development and climate lending by an order of magnitude. A $20 billion paid-in capital increase would support...
Blog Post
April 06, 2023
Fourth industrial revolution rhetoric aside, many developing countries are still struggling to take full advantage of digital technology. This was one of the final challenges that Benno Ndulu—former governor of the Reserve Bank of Tanzania, visiting scholar at Oxford, and a non-resident fellow at CG...
Blog Post
April 03, 2023
The world has changed since the creation of the International Monetary Fund and the World Bank—the world’s first international financial institutions—over 75 years ago. The shared challenges facing humanity have only grown more pressing and existential. From pandemics to climate change to financial ...