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WORKING PAPERS
November 27, 2023
International financial institutions (IFIs) appear to agree that quality of policymaking sees gains from diversifying the body of policymakers, all issuing diversity, equity, and inclusion statements. But how do these institutions perform when it comes to their own staff— do they lead by example? We...
BRIEFS
July 17, 2023
In the fall of 2022, World Bank shareholders (member governments, including the United States) called for a suite of reforms aimed at better enabling the institution to respond to today’s global development challenges, such as pandemics, climate change, and natural disasters. The World Bank is one o...
BRIEFS
August 01, 2022
Many African countries, particularly those in sub-Saharan Africa, continue to grapple with the consequences of the COVID-19 pandemic while simultaneously confronting the challenges posed by slowing global growth, private capital outflows, debt distress, and the impacts of climate change. An estimate...
BRIEFS
April 29, 2022
With the COVID-19 pandemic hitting government balance sheets especially hard in low-income countries, the World Bank’s shareholders—including the United States—agreed to an advance replenishment of its grant and low-interest loan window, the International Development Association (IDA). By holding a ...
BRIEFS
November 18, 2021
China has emerged as a leading participant in multilateral development organizations. In many ways, this is a welcome development. Today’s global challenges, including COVID-19 and climate change, require an international response and have prompted renewed calls for increased multilateral engagement...
WORKING PAPERS
November 29, 2018
Does governance matter for the long-run financing and effectiveness the multilateral development banks? Does their system of weighted voting matter for their long-run access to financing and their effectiveness as development institutions? Does the voting structure involve some tradeoff between the ...