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TESTIMONY
July 27, 2023
On June 27, 2023, CGD senior fellow Charles Kenny submitted evidence to the UK International Development Committee inquiry on “Investment for Development: the UK’s strategy towards development finance institutions and the effectiveness of aid spending through British International Investment (BII).”
Blog Post
July 27, 2023
Stephanie von Friedeburg of Citi and formerly the International Finance Corporation joins CGD’s Karen Mathiasen and Clemence Landers for a conversation on how to balance risk and impact in investment, why blended finance needs a rethink, and what mechanisms offer the most promising solutions to the ...
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 ...
Blog Post
June 30, 2023
The European Union (EU)’s arsenal of development finance instruments comprises grants, budget support, blends of grants and loans, guarantees, and trust funds. But little attention has been paid to its macro-financial assistance (MFA) tool. Since the 1990s, it has been deployed to help countries in ...
Blog Post
June 27, 2023
The post-conference statement from the recently concluded Paris Summit for A New Global Financing Pact undercuts the calculations at the core of the idea we could take billions of multilateral finance and ODA to mobilize trillions of private investment for climate and development. If the Paris Summi...
Blog Post
June 27, 2023
Ajay Banga has begun his mandate as the newly elected President of the World Bank. Several blogs and papers have been written offering advice on what his priorities should be. Most suggestions assume that the World Bank President's office is a very powerful lever that can significantly change the or...
Blog Post
June 20, 2023
The Paris Summit for a New Global Financing Pact set to take place this week is hot off the heels of the London Ukraine Recovery Conference. The Paris summit is being billed as a moment to rebuild trust between the West and African countries in the face of broken promises, double standards and bifur...