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Photo of a farmer harvesting mung beans in Preah Vihear, Cambodia. Photo: Chhor Sokunthea, World Bank

“Two Birds, No Stones”: A Global Initiative to Combine Rural Social Protection with Climate Resilience

COVID-19 has inflicted unequal burdens across countries, across generations, and across the urban-rural divide, deepening existing inequalities. But the COVID economic crisis has also created opportunities for bold, cross-cutting thinking. The need for more robust social protection programs in lower-income countries is clearer than ever, and we have a chance to tackle the other most pressing problem of our time, climate change, in the design of those programs

A doctor administering a COVID-19 test.

The Future of Development – What Will It Take to Achieve Universal Health?

Among the many disparities and inequities that COVID-19 has shone a light upon, the chasm in health outcomes between rich and poor countries is being particularly sharply highlighted. While Israel, the US, the UK, and a handful of high- and upper-middle income countries are charging forward with their vaccination programmes, many of the poorest are left behind—sometimes to rapidly soaring infection rates, as in India. Universal health—that is, a basic level of health and nutrition achieved globally—seems a distant prospect.

An image of foreign currency.

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.

A road construction project in Sri Lanka. Photo by Deshan Tennekoon/World Bank

In the Secretive World of Government-to-Government Lending, 100 Chinese Debt Contracts Offer a Trove of New Information

Is Chinese financing good for developing countries? Taking stock of China’s lending activities has long been hindered by the lack of publicly available data on dimensions like loan volumes and interest rates, let alone more esoteric features like loan collateral or default contingencies. A pathbreaking new study by researchers at AidData at William & Mary, the Kiel Institute for the World Economy, the Peterson Institute for International Economics, Georgetown Law School, and the Center for Global Development changes that.

A European flag outside of a government building

Redesigning Global Europe: The EU’s Neighbourhood, Development, and International Cooperation Instrument

EU member states and the European Parliament’s Foreign Affairs and Development Committees finally approved the new Neighbourhood, Development, and International Cooperation Instrument (NDICI)—Global Europe. The instrument, worth €79.5 billion over the period 2021-2027, marks a profound transformation of EU development policy and spending.

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