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).
CGD Policy Blogs
2021 has been a big year for global gender equality advocates, practitioners, and investors. The Generation Equality Forum brought together donor governments, multilateral organizations, philanthropists, activists, and youth leaders to accelerate progress toward Sustainable Development Goal (SDG) 5: “Achieve gender equality and empower all women and girls.” This event, and the commitments made at it, are made even more critical by the backdrop of the COVID-19 crisis, which is exacerbating gender disparities around the world, threatening to dramatically set back progress toward SDG 5.
To help developing countries meet their financing needs, the multilateral development bank (MDB) system needs to get much bigger. Key to a bigger MDB system is a more financially efficient one.