Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Stacks of coins overlaid over clouds with plants growing out of them

Bad versus Better Ways to Leverage Private Investment in the Global Fight for 1.5 Degrees

While hopes for mobilizing private finance for climate response were boosted by the investment firms managing a collective $130 trillion who signed onto net zero pledges at the COP, actually getting the private trillions to move south remains a huge challenge. And two leading proposals point to the risks of missing the mark, one by misdirecting support and the other by failing to achieve adequate scale.

Makhtar Diop speaks into a microphone in front of an orange backdrop

An Agenda for Makhtar Diop at the IFC

Makhtar Diop, former minister of finance in Senegal and current vice president for infrastructure at the World Bank, has been tapped to be the next head of the International Finance Corporation, the World Bank Group’s private sector investment arm. This is welcome news: Diop’s experience and talents can help steer IFC towards greater development impact during the COVID-19 pandemic and beyond.