The evidence is clear: integrating a focus on gender into the development agenda is essential if we’re serious about eradicating poverty, improving health and education, and promoting inclusive economic growth. Multilateral development banks (MDBs) have taken this lesson to heart, but there’s still work to be done.
CGD Policy Blogs
When the Chinese government launched a new multilateral development bank (MDB) with “infrastructure” in the name—the Asian Infrastructure Investment Bank (AIIB)—it hardly seemed far-fetched to assume a strong Chinese preference for infrastructure-related MDB financing. Everything we know about China’s bilateral development financing suggests the same. Yet, a closer look at the AIIB’s charter suggests openness to a broader range of sectors and activities, pointing to potential for investments in “other productive sectors.”
Nine thousand delegates gathered in Istanbul for the first World Humanitarian Summit. There was no shortage of great commentary in advance, all of which pointed to the pivotal role that the WHS could play in the future of humanitarian aid. Depending on who you ask, the humanitarian system is either broke or broken. How could the Summit have tackled the system's mounting problems?
With the World Humanitarian Summit looming, and in the absence of a unified global response to the Syrian refugee crisis, the head of the United Nations Development Programme Helen Clark says in a new CGD Podcast that governments and international institutions are shifting their focus from traditional humanitarian relief to more sustainable ways to help millions of displaced people.
Does broadening financial access to large segments of the population pose risks to financial stability? Not necessarily, according to recent remarks by IMF managing director Christine Lagarde. Increasing access to basic financial transactions such as payments does not threaten financial stability, especially when appropriate supervisory and regulatory frameworks are in place. In fact, with the right regulatory supervision, increased access to financial services can result in both micro and macro benefits. Recognizing the macroeconomic and regulatory dimensions of financial inclusion, CGD and the IMF joined forces for a seminar to kick off the IMF Spring Meetings 2016.
It has operations in more than 30 countries worth around $9 billion. And now the European Bank for Reconstruction and Development is searching for its next leader. Current president Sir Suma Chakrabarti is seeking a second four-year term as EBRD president, and he faces the challenge of Marek Belka, a former Prime Minister and Finance Minister of Poland and currently president of the country’s National Bank. Recently both candidates recorded interviews with me, which we have edited together into this edition of the CGD Podcast.
For some time, we’ve been cheering MCC’s interest in pursuing approaches that pay for outcomes and encouraging the agency’s stakeholders to get onboard (here and here). Now we can applaud an important step forward. The agency’s new compact with Morocco, which both partners celebrated at an event last Thursday in Rabat, spells out the potential for a results-based financing component—a welcome development.
A Quarter of Aid Is Transparent – What About the Rest? Podcast with Rupert Simons of Publish What You Fund
“Transparency has the potential to transform the effectiveness of aid spending,” said UNDP Administrator Helen Clark at a recent CGD event co-hosted with Publish What You Fund to launch its 2016 Aid Transparency Index. For the second year running, UNDP comes out at the top of the index – and in this week's CGD Podcast, Publish What You Fund’s CEO Rupert Simons says that generally, we understand more clearly who gives what to whom and why.
There are some questions that a majority of the researchers in a field will ask themselves at least once. In our field, one such question is which countries have graduated from each income group, and when. This is an important question because the world has been quietly transforming since the 1980s.
Today is International Women’s Day. How do we make sure that the fine words and aspirations tripping off the tongues of premiers and ministers this March 8th transfer into tangible progress for women and girls?
One small part of the solution is to make sure that the institutions dedicated to financing and implementing gender and development-related projects and programs are producing positive results. And that small part of the solution still requires some significant change to accomplish.