Ideas to Action:

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CGD Policy Blogs

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A wind turbine farm in Tunisia

Rethinking the World Bank Model for More Climate Financing

The fact is $100 billion a year is woefully insufficient to cover the cost of climate change adaptation, let alone financing clean energy transitions across the developing world. The adaptation price tag alone could reach $300 billion a year by 2030. According to the IEA, the cost of financing clean energy transitions could exceed $1 trillion a year by the end of the decade. These are big numbers. But they are achievable.

An image of the IMF/World Bank Meetings.

Don’t Lose Sight of the Real Business of the IMF-World Bank Annual Meetings

Anyone who follows the media on development finance will not be surprised if the corridor talk at the upcoming Annual Meetings of the World Bank and International Monetary Fund (IMF) is affected by the recent World Bank decision to discontinue the Doing Business Index. These discussions will invariably include the implications for data management and integrity at the Bank as well as spillovers questions regarding the leadership at both institutions.

A graphic showing money and stocks

If the World Bank Wants to Move On from the Doing Business Scandal, It Should Take a Look at AidData

Today’s release of a new dataset of over 13,000 Chinese-financed projects in developing countries marks a major contribution to our understanding of China’s role as a lender to the developing world, as well as the ways in which these projects are increasingly structured to avoid accounting for direct liabilities on public balance sheets. At a moment of high debt vulnerability in the developing world, both contributions ought to prove valuable to policymakers in rich and poor countries alike as they seek to work through these problems.  

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