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Blog Post
January 22, 2024
At the World Bank-IMF Annual Meetings last fall in Marrakesh, the Bank governors endorsed innovative financial instruments to boost lending at the International Bank for Reconstruction and Development (IBRD)—the Bank’s arm that lends to creditworthy countries. Some donor countries have signaled thei...
Blog Post
November 29, 2023
At the Annual Meetings of the World Bank and IMF in Marrakech in October, the governors of the World Bank agreed upon next steps in the Bank’s “Evolution Roadmap.” The level of ambition is still high, but big reform is far from a done deal. Looking to the past, there has been no shortage of World Ba...
Blog Post
October 10, 2023
One burning question is if the World Bank - together with the regional development banks - will use their potential in decarbonising the world economy. The first step in barricading the gates of hell has to be decarbonising the energy sector. It contributes the most to global greenhouse gas emission...
Blog Post
March 03, 2022
The US Development Finance Corporation (DFC) works to spur private investment in support of foreign policy and development goals. The DFC opened its doors in January 2020, built on the foundations of the former Overseas Private Investment Corporation (OPIC) and USAID’s Development Credit Authority. ...
Op-Ed
December 06, 2021
As climate pledges pile up, a worrying theme is emerging that bold efforts by rich nations to decarbonize the global economy will be ruined by hordes of new consumers in the developing world buying cars, installing air conditioning, and taking planes. China’s and India’s rapid development and steep ...
Blog Post
September 27, 2021
The debate over whether development finance should be allowed for downstream gas projects appears to be settling toward a compromise that makes such investments rare but not impossible. But will it be so in practice? Lessons from a previous (eerily similar) compromise suggest that any flexibili...
POLICY PAPERS
August 13, 2021
The purpose of a nation’s power sector is to deliver reliable electricity at the lowest cost and for the greatest benefit. At the heart of any private electricity generation project is a Power Purchase Agreement (PPA), a contract that contains key provisions such as price, payment stipulations, and ...