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Blog Post
April 02, 2024
On July 9 and 10, the World Bank and the Center for Global Development will co-host the Annual Bank Conference on Development Economics (ABCDE). On the first day, the conference will aim to bring coherence to development policy debates by bringing together the world’s top economic minds to focus on ...
Blog Post
November 29, 2023
Sovereign debt issues for emerging markets and developing economies (EMDEs) were a predictable subject of many conversations at the World Bank and IMF Annual Meetings in Marrakech. Here are our main takeaways on the state of play and how to make progress to address urgent needs amidst slow-moving pr...
Blog Post
November 22, 2023
Under the Indian Presidency, the G20 tasked N.K. Singh and Larry Summers to convene an independent expert group (IEG) to recommend how to strengthen multilateral development banks and address the shared global challenges of the 21st century (disclosure: we were both part of the Secretariat supportin...
Blog Post
October 13, 2023
In fundamental ways, this era differs from the final decades of the last century. Climate change has set many parts of the world on fire and sharply raised risks from underinvestment in mitigation, adaptation and resilience (both climate and health). War on a large scale has returned to Europe, re-e...
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
May 22, 2023
This week, the African Development Bank (AfDB) will hold its annual meeting in Sharm El Sheikh, Egypt. This is the right moment for its shareholders and other donors to commit to allocating some of their excess Special Drawing Rights (SDRs) to the hybrid capital fund that the AfDB has proposed to ...
Blog Post
April 03, 2023
The world has changed since the creation of the International Monetary Fund and the World Bank—the world’s first international financial institutions—over 75 years ago. The shared challenges facing humanity have only grown more pressing and existential. From pandemics to climate change to financial ...
Blog Post
January 09, 2023
The past year was tumultuous for SDRs, but we’ve now managed to decipher the annual report and extract the must-knows to help you have a more enjoyable experience when you read it! The report covers the first year after the historic allocation of SDR 456 billion ($650 billion) in August 2021 and pro...