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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 20, 2023
Last week in DC was busy with the World Bank and IMF spring meetings, the Consortium of Universities in Global Health (CUGH) 2023 Annual Conference, and other events including the first UN-hosted Asia-Pacific Civil Registration & Vital Statistics (CRVS) Research Forum. Amidst a flurry of events on g...
Blog Post
April 19, 2023
According to the IDB’s independent evaluation office, only 53 percent of IDB sovereign projects in the latest validation cycle were successful in the four core areas of relevance, effectiveness, efficiency, and sustainability. This falls considerably short when compared to the World Bank's 80 percen...
Blog Post
April 14, 2023
More than ever, low and lower middle-income countries (LICs and LMICs) are in a race against time. Their ambition to deliver prosperous economies for their citizens appears continuously thwarted by different shocks. There is a growing sense of urgency among these economies as it becomes clear that t...
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 13, 2023
Debt suspension clauses (DSCs) are having their moment in the international policy arena spotlight. Also known as “pause clauses” or climate-resilient debt clauses, DSCs are mechanisms that allow a country to temporarily suspend debt repayments for a pre-agreed period (generally 1-2 years) if a nat...
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 05, 2023
Reform of the World Bank is in the eye of the beholder—not just how it’s going, but even what it is. With so many issues still to work out, next week's Spring Meetings are likely to be disappointing for those hoping for swift movement. But there's still room for ambition and optimism in the longer t...