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Blog Post
February 21, 2024
So: how do donor governments actually use their subsidies to the private sector to support mitigation and development projects around the world? The process usually starts with a private company (the project sponsor) asking a development finance institution (DFI) like the World Bank Group’s Internat...
Blog Post
April 28, 2022
The idea that shavings of public gold sprinkled like fairy dust on private investment projects would bring to life a giant array of infrastructure and services which in turn would gift us wondrous progress in development hasn’t worked out. It is time to drop the fantasy and focus instead on the test...
Blog Post
July 07, 2020
Philippe Le Houerou, the Chief Executive of the IFC has announced his intention to step down in September. His legacy will include a significant effort to focus the work of the corporation on development impact and the world’s poorest countries. Le Houerou has had some success. But a look ...
Blog Post
July 06, 2020
Imagine the young George Washington said, “I cannot tell a lie. I did not cut down the cherry tree,” then added sotto voce, “’twas the hatchet that did it.” Multilateral development banks (MDBs) and development finance institutions are dissembling in the other direction when it comes to their impact...