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POLICY PAPERS
October 12, 2023
The Multilateral Investment Guarantee Agency (MIGA), which offers investors and bankers political risk insurance and guarantees against non-payment by governments and state-owned enterprises, should feature heavily in the private sector reform agenda. We offer recommendations that would enable MIGA ...
Blog Post
October 12, 2023
As shareholders move forward with the World Bank’s Evolution Roadmap, they should take a closer look at the Multilateral Insurance Guarantee Agency (MIGA) and its potential to help advance the private sector agenda which has so far failed to deliver. The current version of the Roadmap includes opti...
WORKING PAPERS
October 11, 2023
Many countries are facing a much harsher budgetary prospect than a few years ago. For low- and middle-income countries in particular, domestic health expenditure is expected to plateau or contract (in real terms) for many until 2027, development assistance for health has already plateaued, and a deb...
Blog Post
October 11, 2023
Prior to the COVID-19 pandemic there were periods of sustained growth in many low- and middle-income countries that led to some optimism about countries “transitioning” from (i.e. no longer being eligible for) support from the major global health financing mechanisms, such as the Global Fund, Gavi, ...
Blog Post
October 10, 2023
One burning question is if the World Bank - together with the regional development banks - will use their potential in decarbonising the world economy. The first step in barricading the gates of hell has to be decarbonising the energy sector. It contributes the most to global greenhouse gas emission...
Blog Post
October 05, 2023
At the urging of shareholders, the World Bank has pulled together a set of reform proposals to broaden the World Bank Group’s mission, stretch its balance sheet, and strengthen its impact. We looked at both the new Roadmap document and 2016's Forward Look document to assess whether the Evolution Roa...
Blog Post
October 05, 2023
Next week, finance ministers and other officials from around the world will descend on Marrakech for the World Bank and IMF annual meetings. Read on for a range of quick reactions from CGD's experts on what will happen next week, and what should happen—and how we get from one to the other.
Blog Post
September 29, 2023
Earlier this week, CGD’s board chair Lawrence Summers started a speech at the Confederation of Indian Industry with a clarion call for cooperation in the face of global threats like climate change and pandemics. This is a moment of discontinuity, and incrementalism will simply not deliver on the sca...
Blog Post
September 21, 2023
The likelihood of capital increase for the World Bank’s non-concessional lending arm, the IBRD, appears to be climbing. At least an odd European government appears to be doing some preparatory work for it. But any negotiations around a capital increase may be complex. Large shareholders and borrowe...
Blog Post
August 29, 2023
As new president Ajay Banga settles in to his position atop of the World Bank, his thoughts will be on institutional reform. Not least, the mandate he has been given to “evolve” the Bank to take on the mission of climate change. How do you redeploy 19,000 staff members in a new structure to get res...