The MDB Reform Accelerator is mobilizing the analysis and outreach needed to ensure MDB reform addresses today’s global challenges and delivers results for development.
Debt Dynamics and Financial Stability in Africa
Multilateral development bank reform in a climate-changed world: A panel discussion with ADB President Masatsugu Asakawa
MDBs in the News: Week of June 5, 2023
IDA’s New Fundraising Campaign: An Early Test for World Bank President Banga
Latest Proposals & Analysis
Debt Dynamics and Financial Stability in Africa
African countries were severely hit by the COVID-19 pandemic, which quickly drove the continent into its worst recession in fifty years. According to the 2022 African Development Bank African Economic Outlook (AEO), real GDP declined by -1.5% in 2020 compared to growth of 3.3% in 2019. Africa has recovered quickly from the recession, but this has not translated into favorable [...]
The World Bank Should Harness Evidence to Deliver Greater Impact
Introduction At a recent CGD event, new World Bank president Ajay Banga called for the institution to deepen its role as a knowledge bank. In his words, “we won’t win the fight ahead of us without taking some risks. The trick is: don’t make the same mistake twice.” We were pleased to hear this commitment to knowledge generation and use [...]
IDA’s New Fundraising Campaign: An Early Test for World Bank President Banga
Last month, the World Bank announced its intention to mobilize $12 billion for a new Crisis Facility for IDA, the arm of the bank that provides concessional lending and grants to the poorest countries. The Crisis Facility will augment emergency funding for IDA’s most vulnerable borrowers and provide new resources for Ukraine and Moldova. Shareholders will be asked to pledge to the [...]
Testimony on International Financial Institutions in an Era of Great Power Competition
On May 25, 2023, CGD Distinguished Non-Resident Fellow Daouda Sembene appeared before the Security, Illicit Finance, and International Financial Institutions Subcommittee of the House Financial Services Committee at a hearing titled “International Financial Institutions in an Era of Great Power Competition.”
In The News
MDBs in the News: Week of June 5, 2023
Each week, we'll publish a short round-up of news about multilateral development banks, to keep you in the loop about important updates on the reform agenda. Ajay Banga faces great expectations as he takes helm of World BankShabtai Gold, Devex "On Friday, Banga takes over the largest global anti-poverty lender — which across its five wings last year did $114 [...]
Upcoming Events
Multilateral development bank reform in a climate-changed world: A panel discussion with ADB President Masatsugu Asakawa
June 20, 2023 EST 6:00pm GMT +01The Covid-19 pandemic was a stark reminder that global challenges need globally coordinated solutions. Meanwhile, pressure to contain the increase in global temperatures has escalated. Multilateral development banks (MDBs) are – in principle – well-placed to [...]
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