Masood Ahmed cuts through the discussion about how much financial support the World Bank is providing to LMICs, and urges that the MDBs, and their sharedholders, should be more ambitious in their support of LMICs in light of the COVID-19 pandemic.
CGD Policy Blogs
The only way to scale up the global financial response to meet the imminent needs of developing countries is by using all parts of the development finance system—and by making it work much more effectively as a system. This means the global multilateral institutions, of course, but it also includes regional, national, and sub-national development finance institutions.
A few targeted actions now, backed up with commensurate resources, can help ensure the developing world gets back on a path to shared prosperity sooner rather than later.
Following on from the recently convened meetings of the IMF and World Bank, Masood Ahmed lays out a two track agenda for the COVID-19 financial response.