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Displaying 1 - 10 of 3469
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Blog Post
What We’re Watching in the Pandemic Fund’s First Call
Victoria Fan et al.
February 06, 2023
At the Center for Global Development, we have been avidly nurturing the creation of the fund, stretching back to the G20 High Level Independent Panel report which proposed its creation as a Financial Intermediary Fund within the World Bank. We have offered a roadmap for how to operationalize the fun...
Blog Post
A Bigger Mission Must Mean More Financial Ambition at the World Bank
Amanda Glassman
and
W. Gyude Moore
February 06, 2023
The longer the World Bank’s biggest shareholders stay mum on the overall package of support, the higher the likelihood that we get more business as usual and more unconvincing fodder for summits and high-level meetings even while the Earth literally burns.
Blog Post
Bolstering the Case for the World Bank’s Roadmap for Reform
James Adams
and
Danny Leipziger
February 03, 2023
The World Bank’s draft Roadmap for reform is the institution’s initial attempt to respond to the challenge laid down by major shareholders, led by the US, to respond forcefully to the crisis of climate change and to reinvent itself. In our view, the draft doesn’t respond sufficiently to that policy ...
Blog Post
How Do Global Banks Respond to Changes in Climate Policy?
Asli Demirguc-Kunt et al.
January 31, 2023
A central objective of climate policy is the reduction of carbon emissions, either by promoting renewable energies and increasing energy efficiency across sectors, or by imposing restrictions on activities contributing to greenhouse gas (GHG) emissions. The financial sector is expected to play a maj...
WORKING PAPERS
Global Bank Lending under Climate Policy
Asli Demirguc-Kunt et al.
January 31, 2023
What is the response of bank foreign subsidiaries to climate policy in their host countries? We find that global banks with high environmental performance increase their presence in countries after local authorities strengthen their climate-related actions. Our findings show that strengthening clima...
Blog Post
Double Standards in Energy Subsidy Reform? How to Level the Playing Field
Sanjeev Gupta
and
Benedict Clements
January 26, 2023
With the abandonment of its Zero COVID policy, the Chinese economy is expected to rebound and contribute substantively to global economic growth in the latter part of 2023. This is projected to add to world demand for oil, more than offsetting falling demand from advanced countries whose economies a...
Blog Post
Evolving the World Bank’s Twin Goals
Charles Kenny
January 26, 2023
The World Bank management’s Evolution Roadmap suggests the institution is reconsidering its ‘twin goals’ mission statement of eradicating extreme poverty (ending $2.15 poverty by 2030) and boosting shared prosperity (raising the incomes of the bottom 40 percent in each country). It is reassuring tha...
Blog Post
A Look Back at Climate Migration Policy in 2022
Samuel Huckstep
and
Thomas Ginn
January 19, 2023
In Australia and elsewhere, more and more homes are becoming uninsurable due to hazards intensified by climate change. This is a slow-cooker issue which will render some areas de facto uninhabitable, leading to gradual movement out of at-risk regions. Here’s a look at how the world responded to thes...
POLICY PAPERS
MENA and the Global Energy Conundrum
Rabah Arezki
and
Adnan Mazarei
January 19, 2023
The Middle East and North Africa (MENA) is addicted to fossil fuels, like the rest of the world. An energy transition will require a coordinated global shift in both the supply and demand for fossil fuels and cleaner energy, and multilateral institutions can play an important role. These institution...
Blog Post
What Will it Take to Achieve an Energy Transition in the Middle East and North Africa?
Rabah Arezki et al.
January 19, 2023
The Middle East and North Africa (MENA) is addicted to fossil fuels but so too is the rest of the world. An energy transition will require a coordinated global shift in both the supply and the demand for fossil fuels and clean(er) energy, and multilateral institutions can play an important role.

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