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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 ...
POLICY PAPERS
July 26, 2023
Public and policy discourse has been imprecise in its definition of what constitutes a global public good, with implications for our understanding of how MDBs contribute to them. Once this is corrected for, it becomes apparent that, except under restrictive conditions that are unlikely to hold in th...
Blog Post
July 26, 2023
The effects of anthropogenic climate change are upon us, and the time for serious action is past due. In this context it is unsurprising that many observers are turning to the multilateral development banks (MDBs) for this action. These are institutions whose names inspire the potential for grand ac...
Blog Post
July 26, 2023
The international development finance system is awash with ideas for increasing finance for climate change initiatives. The small island state of Barbados has been a key voice, last year launching the Bridgetown Initiative , calling for a broad set of financing reforms, some focused on the World ...
Blog Post
July 19, 2023
My judgement is that the MDB reform needle wasn’t so much moved as sharpened—the G20 Finance Ministers have made clear what the immediate priorities are. The G20 will have a chance to weigh in on the MDB agenda again in September when India chairs the Leaders’ Summit. Ideally, they will have a bit m...
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...
Blog Post
June 28, 2023
On June 26, France released an outcome document from the Summit for a New Global Financing Pact, which brought together governments, multilateral develop banks and other stakeholders to consider reforms to the global financial system. So just what are the elements of this new global compact?
Blog Post
June 28, 2023
On June 14, we published a paper titled “What Counts as Climate?” where we argued that the World Bank has developed a climate portfolio that lacks estimates of greenhouse gas emissions reductions and has no standardized reporting on GHG estimates. Last week, the World Bank sent an email to members o...
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...