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Blog Post
May 03, 2022
In a recent note, we asked whether IDA, the arm of the World Bank that provides concessional lending to the poorest countries, has the right approach for determining the balance between grants and loans which its recipients receive. We noted that IDA concessionality depends on the level of recipient...
CGD NOTES
November 15, 2021
IDA, the World Bank’s concessional fund, was set up 1960 to provide affordable finance to countries with the smallest economies, lowest per capita incomes and lowest creditworthiness. The goal was to help those countries to grow faster and more equally and thereby sustainably to reduce poverty. IDA ...
Blog Post
April 16, 2020
Think tanks are supposed to float new ideas to make government work better. One such crazy idea that started with Ben Leo and me turned into the US International Development Finance Corporation (DFC). How did this possibly happen? And what might we learn from this experience?
CGD NOTES
March 26, 2020
“Additionality” is central to claims of impact by development finance institutions (DFIs). At its core is the notion that DFIs are necessary to solve a market failure by providing capital, risk mitigation, or some other benefit to a market that is not delivering these services strictly through priva...