CGD’s Advancing Women in IFI Leadership project is focused on producing evidence-based analysis to help advance women’s participation in leadership and decision-making across international financial institutions (IFIs). The project aims to highlight what works and what doesn’t work—and show how proposed solutions would be implemented—to center women’s role in development decision-making.

Most international financial institutions (IFIs) agree that women’s leadership in crucial in shaping global development. Yet, though progress has been made, the IFIs themselves have much work left to do. CGD research has found that not a single IFI has reached gender parity in leadership. Only two IFIs have ever had women chief executives and the share of women in senior management roles ranges between 6 and 45 percent across the seven major IFIs.

In 2023, the team gathered concrete data to examine trends in women’s leadership at IFIs and used qualitative work to identify both the obstacles that still need to be overcome to ensure women’s representation in high-level positions and the levers that have facilitated progress. Through these analyses of qualitative and quantitative data. as well as through engagement in the public discourse (e.g. via events, blogs, and podcasts) the team has established CGD as a platform for work on women in leadership at IFIs.

The project seeks to help IFIs expand on their existing important initiatives -- like formulating gender strategies and establishing DEI offices -- to walking the talk by reaching gender parity in their own workplaces.   


Image credit for social media/web: Mary Long / Adobe Stock

Blogs

  • What Explains the Gender Pay Gap at the World Bank Group?
    Ana Revenga
    The WBG thus deserves recognition for the progress it has made towards rewarding men and women equally and for not penalizing moth...
  • Introducing a Blog Series on Women in IFI Leadership
    Today, we are launching a blog series, to be published over the next six months, featuring analysis and commentary on the various ...
  • What Explains the Differences in Compensation for Men and Women at the World Bank?
    In an organization like the World Bank that has long favored men in their hiring process, most senior managers will be men because...
  • A Shout-Out to World Bank and IDB Mothers
    Here is a Mother’s Day shout-out to all the mothers working at international financial institutions (IFIs) around the world, and e...
  • CGD Podcast: Supporting Women Economists in Latin America
    CGD's Eeshani Kandpal speaks with the Interamerican Development Bank's Ana María Ibáñez about her recent report on women economist...
  • Pulling Up the Curtain on Why So Few IFI Leaders Are Women
    In a seminal paper, Claudia Goldin and Cecilia Rouse show that when musicians do a blind audition for symphony orchestra positions...
  • Gender Equality at IFIs: Promote as I Say, Not as I Do?
    Multilateral Development Banks say that diversity matters to development. But how do these institutions perform when it comes to t...
  • CGD Podcast: Elevating Women and People of Color to IFI Leadership
    Only one woman born and raised in a low- or middle-income country has ever headed an international financial institution. CGD's Ee...
  • Is the Glass Ceiling at Multilateral Development Organisations Still Intact?
    This International Women’s Day, we want to both celebrate the women who lead multilateral development organisations, and draw atte...

Publications

  • Women's Underrepresentation in IFI Leadership
    International financial institutions (IFIs) appear to agree that quality of policymaking sees gains from diversifying the body of ...
  • Gender Equity in Development Finance Survey
    By surveying DFIs, we aim to start building a baseline of their gender policies and practices, analyze the data, and make recommen...

Events

Advancing Inclusive Leadership in IFIs
How can the intersection of gender and diversity in international financial institution (IFIs) leadership foster more effective and inclusive development outcomes? In the second se...
9th Annual Birdsall House Conference
Join us for this year's 9th Annual Birdsall House Conference on Gender Equality, where we will shine a spotlight on the theme, "Women on the Rise: Breaking Barriers in Internationa...
  • Advancing Inclusive Leadership in IFIs
    How can the intersection of gender and diversity in international financial institution (IFIs) leadership foster more effective an...
  • 9th Annual Birdsall House Conference
    Join us for this year's 9th Annual Birdsall House Conference on Gender Equality, where we will shine a spotlight on the theme, "Wo...

Contact

For more information, contact [email protected]

Contact

For more information, contact [email protected]

Experts

Charles Kenny
Charles Kenny is a senior fellow at the Center for Global Development. His current work focuses on global economic prospects, gender and development, and development finance. He is...
Eeshani Kandpal
Eeshani is a Senior Fellow; prior to this, she was a Senior Economist in the Development Research Group of the World Bank. Her research aims to inform development policy to improve...

Experts

  • Charles Kenny
    Charles Kenny is a senior fellow at the Center for Global Development. His current work focuses on global economic prospects, gender and development, and development finance. He is...
  • Eeshani Kandpal
    Eeshani is a Senior Fellow; prior to this, she was a Senior Economist in the Development Research Group of the World Bank. Her research aims to inform development policy to improve...

Acknowledgments