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Blog Post
December 14, 2022
As African and US Leaders meet in the Washington Summit this week, we decided to ask the leader of a key agency, with a long track record on the continent, how it is contributing to more effective and expanded US engagement. We asked Millennium Challenge Corporation (MCC) CEO Alice Albright a series...
Blog Post
December 12, 2022
Debt and climate change are defining challenges for many countries in Africa. Governments across the continent are seeing their debt burdens mount—some to unsustainable levels—as they race to mobilize resources to adapt and respond to the increasingly severe climate crisis.
Blog Post
December 09, 2022
With climate change already affecting the lives and livelihoods of millions of people around the world, the need for a coordinated global response has never been more urgent. But to mobilize the huge sums required to finance the investments we need to ensure a climate-resilient future, the world mus...
Blog Post
December 09, 2022
In July, a G20 independent panel (of which we are members) recommended measures to modernise how the World Bank and other multilateral development banks calculate their capacity to lend in support of development and climate objectives. These recommendations are now under discussion by MDB shareholde...
Blog Post
November 30, 2022
An effective transformation of the MDB system can’t happen from Washington alone—what emerging markets and low-income countries alike want from the MDB system will need to be front and center. To ensure borrower perspectives are a major part of the conversation, two finance ministers have agreed to ...
Nov
30
2022
8:30—9:45 AM Eastern Time (US & Canada) 1:30 - 2:45pm Greenwich Mean Time (GMT)
November 18, 2022
On November 28, 2022, the OECD will release the Multilateral Development Finance 2022 report which sheds new light on this system’s funding and activities. It tracks changes in the donor landscape and resource availability in the midst of ongoing crises. The report evaluates the system’s response to...
CGD NOTES
November 07, 2022
The assignment is clear. During this year’s Annual Meetings of the IMF and World Bank, shareholders instructed the World Bank to develop a work program for its own evolution (“to identify gaps in the Bank’s current institutional and operational framework…”) by the end of the year. Secretary Yellen l...
Blog Post
November 01, 2022
World Bank loan terms are becoming increasingly attractive as global interest rates soar. This is not because the Bank’s International Bank for Reconstruction and Development (IBRD) loans have gotten cheaper, but because the average emerging market’s (EM) borrowing costs have risen so much more dram...