Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

An image of the US Capitol Building.

A Domestic US Development Bank in the Works? Lessons from the MDBs

In the 117th Congress, US lawmakers have introduced four separate proposals to establish a national development bank. Three would set up national green finance institutions; the fourth would focus more broadly on providing public financing for high-tech domestic manufacturing, including green technology. (A version of the National Climate Bank proposal—or “Clean Energy Accelerator”—could soon come to the House floor as part of the Democratic budget reconciliation measure).