The Inflation Reduction Act (IRA), signed into law last year, will provide the United States with $370 billion in direct investments in clean energy, and possibly spur far more through tax credits. The IRA is expected to stimulate a green transition in the US. And it will turbocharge the US green l...

Over the years, US lawmakers of many stripes have embraced the value proposition of foreign assistance. While their precise motivations have varied, ensuring US international aid is transparent, accountable, and effective has been vital to this long-running bipartisan support.

Call it a sign of the times: negotiations around the creation of a new Loss and Damage Fund for climate are breaking down, with developing nations and advanced economies at a familiar impasse. The Loss and Damage Fund—a fund meant to compensate vulnerable countries for climate impacts—is supposed to...

The real test after the meetings will be how to identify sources of concessional financing for middle-income countries while still delivering on IDA. Donors have leaned heavily on capital adequacy reforms and private sector mobilization as sources of finance, but there is no escaping the fact that t...

It is standard fare for the G20 to issue lofty statements without any real muscle behind them, but the discordance in this year’s declaration is especially grating because explicitly and implicitly, the G20 have heaped exceptionally large burdens on the MDBs all in the context of what the leaders ac...

We’d been eagerly awaiting an update to DFC’s downloadable project data for insight into the development finance agency’s recent investments and overarching portfolio composition. A new drop finally came earlier this month detailing transactions through FY2022 and timed with the release of DFC’s ina...

A recent, thought-provoking blog by our colleague, Justin Sandefur, titled “How Economists got Africa’s AIDS Epidemic Wrong”, has sparked a debate about the historical role of cost-effectiveness analysis in assessing the investments of the President's Emergency Plan for AIDS Relief (PEPFAR) and, imp...

On August 10, the White House submitted a $40.1 billion emergency supplemental request to Congress that includes $2.25 billion for the World Bank. The request for the Bank is well balanced: it would provide $1.25 billion to support “global challenges” (a more politically palatable term than climate ...