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POLICY PAPERS
June 14, 2023
We examine the World Bank’s climate portfolio at the project level for the period 2000-2022 and find that financing is skewed towards mitigation projects. These projects lack estimates of greenhouse gas emissions reductions, and there is no standardized reporting on GHG estimates across the portfoli...
Blog Post
June 14, 2023
An interesting paper (and podcast) by Francis Fukuyama and Michael Bennon look at China’s Belt and Road Initiative (BRI) and recent debt distress in BRI project countries, building on work by Scott Morris and co-authors that examined 100 Chinese debt contracts with foreign governments. BRI has invol...
Blog Post
June 14, 2023
As new World Bank President Ajay Banga settles into 1818 H Street, he will face a sharply divided group of shareholders on the mandate of the Bank, as evidenced by the contentious debate over its role on climate and other global public goods (GPGs). Most shareholders have weighed into this debate,...
CGD NOTES
June 06, 2023
This proposed Resource Allocation Framework may inform country-level allocation decisions by the Pandemic Fund for its first call for proposals supporting surveillance, laboratories, and human resources. This framework incorporates three measures of pandemic risk and one index of need for surveillan...
Blog Post
June 05, 2023
Recent CGD events have shown several bright spots for the evidence-informed policy agenda, demonstrating leadership commitment to evidence generation and use. The new World Bank president, Ajay Banga, called for the institution to deepen its role as a knowledge bank in a recent speech at CGD. Newly ...
CGD NOTES
June 05, 2023
The World Bank’s lending function is important and irreplaceable. But providing countries with an important source of financing and investing in evidence do not have to be in tension. The role of evaluation should shift from an assessment function to one in which evaluation is a central tool of pro...
Blog Post
June 01, 2023
Last month, the World Bank announced its intention to mobilize $12 billion for a new Crisis Facility for IDA, the arm of the bank that provides concessional lending and grants to the poorest countries. The Crisis Facility will augment emergency funding for IDA’s most vulnerable borrowers and provid...
Blog Post
May 23, 2023
The past year has been challenging and turbulent for many frontier markets in Africa. In 2022, African economies met headwinds of inflation, the aftermath of the COVID-19 pandemic, and sovereign debt challenges. This led to a decrease in demand for African goods and services, as well as reduced inve...