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CGD Policy Blogs

 

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MDBs Could Do More to Build Markets Just By Releasing More Data

You may have missed a recent dry-sounding but groundbreaking report, Default Statistics: Private and Sub-Sovereign Lending 2001-2019. It summarizes data from the Global Emerging Markets (GEMs) Risk Database for a set of 11 multilateral development banks (MDBs) and development finance institutions (DFIs) on default rates on their credits to private and sub-sovereign borrowers, which accounted for 82 percent of exposure in 2019.

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MDBs As First Responders? The COVID-19 Record So Far

How have the MDBs responded to the COVID-19 crisis? A CGD note just published assembles data published so far for four of the major MDBs on their financial commitments to governments and the private sector in 2020 compared to 2008-2009 during the Global Financial Crisis. Here we summarize the sobering results.

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Forging an MDB System: The Missing Piece in the Governance Architecture

Few would argue that collaboration and collective efforts across the multilateral development banks (MDBs) are not urgently needed. Yet while the logic and need are obvious, the actual extent of collaboration between MDBs is limited. Our recent paper explores how this gap in the international financial architecture might usefully be filled. It addresses what a new cross-MDB governing body might do and what it might look like.

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Can DFIs Be First Responders in a Crisis?

You might find this question odd. After all, since the outbreak of COVID-19, the development finance institutions DFIs have been busy announcing financial goals for crisis response, and offering reassurances of proactive stances. But it is important to recall at this moment that their financial models are not well suited for the purpose of crisis response. In this blog we explore their challenges and suggest how they can stretch and deploy their capital effectively at this moment of global crisis.

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Still Less Than Half: Gender Focus in Development Finance

Gender gaps in participation in the labor force, entrepreneurship, pay, share of senior management, and executive board positions–as well as access to finance, markets, and skills–have been well documented. But how far do development finance providers truly support gender equality?

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