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CGD Policy Blogs

 

Figure 1: Predicted probability of private investment

The Elusive Quest for Additionality

After toiling away for decades in relative obscurity, DFIs have found themselves thrust into the limelight and told to transform “billions to trillions,” to fill the yawning SDG financing gap.

Stock photo of various currencies

The Eight Virtues of Highly Effective DFIs

Amid much discussion of SDG finance gaps, DFIs, both bilateral and multilateral, are in the spotlight as the most important publicly funded instruments for mobilising private capital. Yet, there is a surprising lack of clarity on what we can and should expect from DFIs, beyond broad goals of profitability and development impact.

New Leadership at the IFC Aims to Get Us from Billions to Trillions

This week, CGD hosted a discussion with Philippe Le Houérou, the CEO of IFC, the private sector arm of the World Bank. He was enthusiastic about his institution’s role in leveraging private capital and getting from billions to trillions of dollars for development, but he also presented a nuanced and critical judgment about the limitations of the IFC model to date, pointing to a number of ways it needs to change.