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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...
BRIEFS
October 11, 2022
We are living in a time when many countries face heightened debt vulnerabilities. There is no international bankruptcy mechanism for countries that default on their external obligations. The objective of the international financial architecture—historically overseen by the IMF and its shareholders— ...
Oct
7
2022
10:00—11:00 AM Eastern Time (US & Canada)/ 2:00 - 3:00pm Greenwich Mean Time (GMT)/ 3:00 - 4:00pm British Summer Time (BST)
September 12, 2022
How can we rethink the World Bank and other MDBs to tackle the new, global challenges facing us today? This event marks the beginning of a new program of work from CGD on the next evolution of the MDBs—their evolving mandate to provide global public goods. Throughout the project CGD will consult key...
Blog Post
July 20, 2022
Policy-based guarantees (PBGs) have long been a multilateral development bank (MDB) instrument in search of a purpose. PBGs—a credit enhancement for sovereign market borrowing—have been around for decades but their uptake has been limited. In most instances, they have proven remarkably effective in ...
CGD NOTES
July 20, 2022
Multilateral development bank policy-based guarantees (PBGs) have long been an instrument in search of demand. First introduced in 1999 at the International Bank for Reconstruction and Development to help governments access market borrowing at attractive rates, their track-record has been uneven, an...
Blog Post
June 23, 2022
The World Bank and other multilateral development banks are historically underutilized assets when it comes to USAID’s development objectives across a wide range of sectors and initiatives. We offer instead a set of recommendations that USAID could implement largely within its own purview, or with a...
May
31
2022
HYBRID
7:00—8:30 AM 7:00- 8:30am Eastern Time (US & Canada), 1:00 - 2:30pm CEST (Central European Summer Time)
May 25, 2022
Sida, the Center for Global Development, and the Zambian delegation to Stockholm +50 cordially invite you to a panel discussion on the mobilization of private capital for climate finance in low- and lower middle-income countries, taking place at Sida’s offices in Stockholm.
CGD NOTES
May 19, 2022
The stakes are high for the African Development Fund (AfDF) as it kicks off its replenishment fundraising exercise this spring. Countries in sub-Saharan Africa (SSA) are still grappling with the health and economic fallout of the COVID-19 crisis, with over 30 million of their citizens pushed into po...