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Multilateral development bank reform in a climate-changed world: A panel discussion with ADB President Masatsugu Asakawa
June 6, 2023The 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 address global or regional challenges. They are major contributors to the international climate finance commitment, and have taken a number of steps to coordinate national development and [...]
Rebranding or reshaping the global financial architecture? MDBs reform, Bridgetown Initiative and the New Global Financial Pact
May 17, 2023The panel aims to initiate critical dialogue on the current proposals to transform the global financial architecture, focusing on three interlinked initiatives, the MDBs reform (exemplified by the World Bank Evolution Roadmap), the Bridgetown initiative (evolving proposal introduced by Barbados) and New Global financial pact (to be held as a Summit in June 22-23rd).Building on Eurodad’s first explanatory primer on the World Bank’s ‘Evolution Roadmap’ [...]
Symposium and evening event: Multilateral development banks in the 21st century
April 26, 2023Multilateral development banks (MDBs) play a unique role among development financiers, with their convening power, cross-country knowledge and expertise, and with finance at better terms than what capital markets can offer, leveraging on their balance sheets. Nevertheless, there is a growing belief – particularly among borrowing countries – that the World Bank and major regional MDBs are too inflexible, bureaucratic [...]
Multilateral Development Banks in the 21st Century: what reforms for mandates, governance and financing?
April 26, 2023Hosted by Department of International Development, the Grantham Research Institute on Climate Change and the Environment and ODI Multilateral development banks (MDBs) play a unique role among development financiers, with their convening power, cross-country knowledge and expertise, and with finance at better terms than what capital markets can offer, leveraging on their balance sheets. Nevertheless, there is a growing belief [...]
What Do Middle Income Countries Want from the Multilateral Development Banks? Sri Mulyani Indrawati and Jin Liqun in Conversation with Masood Ahmed
April 11, 2023FEATURING Sri Mulyani Indrawati, Minister of Finance, Republic of Indonesia Jin Liqun, President and Chair of the Board of Directors, Asian Infrastructure Investment Bank (AIIB) MODERATOR Masood Ahmed, President, Center for Global Development This event was hosted in-person at CGD's DC office: 2055 L St NW, 5th floor, Washington, DC 20036 What do middle income countries (MICs) want from the [...]
Investing for a Sustainable Future in an Age of Disorder and Uncertainty: A Conversation with the European Investment Bank (EIB)
April 11, 2023FEATURING Werner Hoyer, President, European Investment Bank (EIB) Maria Shaw-Barragan, Director of Lending for Africa, Caribbean, Pacific, Asia and Latin America, EIB Global MODERATORS Masood Ahmed, President, Center for Global Development Mikaela Gavas, Managing Director, Europe and Senior Policy Fellow, Center for Global Development This event was hosted in-person at CGD's DC office: 2055 L St NW, 5th floor, Washington, [...]
Beyond the Dollars: Ensuring World Bank Evolution Means Evidence and Impact Revolution, Too
April 11, 2023FEATURING KEYNOTE SPEAKER Bård Vegar Solhjell, Director General, Norwegian Agency for Development Cooperation (Norad) PANELISTS Bård Vegar Solhjell, Director General, Norwegian Agency for Development Cooperation (Norad) Koldo Echebarria, former Director General, Esade Business and Law School; former manager, Inter-American Development Bank Dean Karlan, Chief Economist, U.S. Agency for International Development (USAID) Arianna Legovini, Director of the Development Impact Evaluation (DIME), World [...]
The Other Global Challenge: Pandemic Risks and the World Bank Roadmap
April 11, 2023OPENING REMARKS Tharman Shanmugaratnam, Senior Minister, Singapore and Co-Chair of the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response [recorded] FEATURING President Ellen Johnson Sirleaf, Former President of Liberia and Co-Chair of the Independent Panel for Pandemic Preparedness and Response Eric Meyer, Deputy Assistant Secretary for Africa and the Middle East, U.S. Department [...]
Adapting Multilateral Development Banks (MDBs) to Global Challenges: Perspectives of African Leaders on Reform
April 10, 2023This event was hosted in-person at CGD's DC office: 2055 L St NW, 5th floor, Washington, DC 20036 The shared challenges facing humanity, including climate change and pandemics have only grown more pressing and existential. Given their financial firepower and expertise, many around the world are calling to reform the multilateral development banks (MDBs) to address these global challenges which [...]
JETPs and the Role of Multilateral Development Banks in Shaping and Driving the Just Energy Transition
April 3, 2023FEATURED Alice Carr, Executive Director, Public Policy, Glasgow Financial Alliance for Net Zero Deputy Minister Rachmat Kaimuddin, Coordinating Ministry of Maritime Affairs and Investment, Indonesia Alexia Latortue, Assistant Secretary for International Trade and Development Jennifer Sara, Global Director for Climate Change, World Bank Woochong Um, Managing Director General, Asian Development Bank (ADB) Juergen Zattler, Director-General for International Development Policy, 2030 [...]
A Conversation with IDB President Ilan Goldfajn
April 3, 2023FEATURING Ilan Goldfajn, President, Inter-American Development Bank IN CONVERSATION WITH Amanda Glassman, Executive Vice President, CEO of CGD Europe, and Senior Fellow, Center for Global Development Nancy Lee, Director, Sustainable Development Finance and Senior Policy Fellow, Center for Global Development Liliana Rojas-Suarez, Director, Latin American Initiative and Senior Fellow, Center for Global Development INTRODUCTION This event was hosted in-person at [...]
In Conversation: Ajay Banga and Afsaneh Beschloss on the Future of the World Bank
April 3, 2023FEATURING Ajay Banga, Candidate for President of the World Bank Group IN CONVERSATION WITH Afsaneh Beschloss, Founder and CEO, RockCreek, and Board Member, Center for Global Development This event was hosted in-person at CGD's DC office: 2055 L St NW, 5th floor, Washington, DC 20036 Ajay Banga, candidate for President of the World Bank Group, will sit down with Afsaneh Beschloss, [...]
Priorities and challenges for Latin America and the Caribbean: a panel discussion with IDB President Ilan Goldfajn
March 1, 2023About the event Over the 70 years since the creation of the World Bank, multilateral development banks (MDBs) have played a crucial role in supporting economic development and fighting poverty. In 2022, the finances and policies of MDBs regained centre stage in the debates on financing for development. The scale and length of the Covid-19 pandemic – not to mention [...]
Promoting Climate-Resilient and Green Development in Africa
February 7, 2023Sub-Saharan Africa has contributed little to global greenhouse gas emissions, and yet it is the world’s most vulnerable region to climate change. Rising temperatures and sea levels, as well as rainfall anomalies, are increasing the frequency and intensity of natural disasters. Heavy dependence on rain-fed agriculture and limited ability to adapt to weather-related shocks means that the livelihoods of millions [...]
Future of Development Forum
November 14, 2022A half-day global virtual event to examine the pressing questions the development community must address in the coming decades. Climate change, conflict, food insecurity, and pandemics. These global challenges are growing in urgency and complexity—and they are not confined by borders. While wealthy countries are aging and their growth rates are faltering, the traditional manufacturing-led path to rapid growth in [...]
Trends and disruptors in multilateral finance: looking ahead with the Asian Infrastructure Investment Bank
November 4, 2022About the event Multilateral development banks (MDBs) have played a crucial role in supporting economic development and fighting poverty over the 70 years since the creation of the World Bank at the Bretton Woods conference. However, the World Bank and major regional multilateral banks are considered by many – particularly in developing countries – to be too inflexible, bureaucratic and [...]
Latin America and the Caribbean at a Crossroads: What Agenda and Role for the Inter-American Development Bank?
October 24, 2022This event was broadcasted in Spanish and English. COVID-19 and related economic shocks have had important but heterogeneous impact across the Latin American and Caribbean region, which also faces elevated climate risks, increasing rates of poverty, declining life expectancy in some countries, and unprecedented rates of crime and violence. The International Monetary Fund now forecasts average growth of 1.7% in [...]
Multilateral Development Banks for a Global Future: The Perspective of Emerging Market Leaders
October 12, 2022With increasing challenges that go beyond national borders, the World Bank and other MDBs must quickly transform themselves and become truly global banks – through broader mandates, better governance, and modern business models. Middle-income countries will be a crucial part of this transformation. Most of the world’s people and most of the world’s poor live in MICs. Such countries are [...]
Boosting MDBs’ Role and Capacity in Development Finance
October 11, 2022In July, the G20 published the report it had commissioned from an independent panel of experts to assess MDB capital adequacy. The report's recommendations, if implemented, would support a major increase in collective MDB lending, likely reaching hundreds of billions of dollars over time. The report spells out how this expansion in lending can be achieved while maintaining strong MDB [...]
Global Challenges Require Global Solutions: Transforming the MDB System
October 7, 2022PANELISTS Lawrence Summers, Chares W. Eliot University Professor, Harvard University Donald Kaberuka, Chairman and Managing Partner, SouthBridge Minouche Shafik, Director, London School of Economics Masood Ahmed, President, Center for Global Development MODERATOR Clemence Landers, Policy Fellow, CGD
Secretary Yellen to Deliver Remarks on International Development and Evolving the Multilateral Development Banks
October 6, 2022Opening Remarks Masood Ahmed, President Center for Global Development Speaker Janet L. Yellen, Secretary of the Treasury
Multilateral Development Banks’ Capital Adequacy Frameworks: Options for Reform?
September 15, 2022This event is co-hosted with ODI. In 2021, G20 members created an independent panel to evaluate whether multilateral development bank (MDB) shareholder capital is being used efficiently and to understand whether MDBs can lend more without threatening their long-term financial integrity. This was in response to a growing sense among policymakers that MDBs need reforming if they are to play [...]
Multilateral Development Banks’ Capital Adequacy Frameworks: options for reform?
September 15, 2022About the discussion In 2021, G20 members created an independent panel to evaluate whether multilateral development bank (MDB) shareholder capital is being used efficiently and to understand whether MDBs can lend more without threatening their long-term financial integrity. This was in response to a growing sense among policy-makers that MDBs need reforming if they are to play a more meaningful [...]
Green Hydrogen’s Contributions to the Energy Transition: Perspectives and Prerequisites
August 22, 2022The event, organized in partnership with the Australian Embassy in Brazil, will focus on the role of green hydrogen in the energy transition and carbon emission reduction for hard-to-abate sectors. Among the issues that will be addressed are the regulatory framework, policies to create a hydrogen market, investment and collaboration opportunities between Brazil and Australia. To see Agnes da Costa (Ministry of [...]
Brazil, Biodiversity and Global Challenges
June 9, 2022With the Stockholm+50 and the Environment Week milestones, this event will explore the challenges and opportunities for Brazil presented by the international negotiations on biodiversity. This panel is part of the series of debates “Climate Change and Paths for Development,” organized by the Brazilian Center for International Relations (CEBRI), the Brazilian Climate Center (Centro Brasil no Clima - CBC), the Institute for [...]
Sustainability and the New Energy Economy in a Multipolar World
May 11, 2022The Brazilian Center for International Relations (CEBRI) and King's College London have partnered to hold the online conference “Sustainability and the New Energy Economy in a Multipolar World” , on May 11 and 12, 2022, as part of the Project for Peaceful Competition.May 11, 2022 (Wednesday) | 9:00 am to 12:00 pm Brasilia time (BRT) | 1:00 pm to 4:00 pm BritishSummer Time (BST) | Watch HERE. May 12, [...]
The Response of International and Regional Financial Institutions to COVID 19
April 6, 2022The COVID-19 crisis has brought the global economy to its knees, by its intensity, scale, and far-reaching impacts. Developing and emerging economies were most hit, as they suffer from structural constrains impeding their adjustment to the new setting and lack of fiscal space to absorb even partially the shock. Furthermore, the crisis is still among us, and we are not [...]