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Blog Post
October 09, 2023
Ahead of the highly-anticipated World Bank-IMF Annual Meetings in Marrakech, the Center for Global Development has unveiled a new tool to track reforms at the multilateral development banks. The Multilateral Development Bank (MDB) Reform Tracker is an innovative platform that explores how the six la...
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
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
September 11, 2023
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...
Blog Post
September 05, 2023
EU finance ministers will soon appoint a new president of the European Investment Bank (EIB). Following two six-year terms, the incumbent, Werner Hoyer, will step down, and a new captain will take the helm of the world’s largest multilateral financial institution. The new president comes at a critic...
Blog Post
August 15, 2023
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 ...
Blog Post
August 03, 2023
High on the list of objectives in the ongoing multilateral development bank (MDB) reform debate is to increase levels of private capital mobilization—something that has proved much harder to achieve than expected. Despite the lofty ambitions set out in the “billions to trillions” agenda, each dolla...