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How Emerging Economies Are Reshaping the International Financial System

February 22, 2023

It’s been 25 years since the 1997 Asian financial crisis led to the creation of the G20 forum for finance ministers; and 15 years since this became a leader-level meeting following the global financial crisis. During this period, there has been significant shift in the global finance and economic landscape. The ascent of several emerging economies has seen their contributions [...]

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The World Bank Should Ramp Up Finance for Climate, But Not at the Cost of Development

February 13, 2023

The World Bank Group Evolution Roadmap makes three financing asks of donors and shareholders: capital for IBRD, continued support for IDA, and grants to support climate projects. I think donors and shareholders should support a capital increase and strengthen commitments to IDA. But they should not provide more grants to support climate activities at least until (i) IBRD lending to [...]

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The World Bank Window for Host Communities and Refugees: Opportunities for Learning and Expansion in Africa and Beyond

December 1, 2022

This blog is one in a series by experts across the Center for Global Development ahead of the 2022 US-Africa Leaders Summit. These posts aim to re-examine US-Africa policy and put forward recommendations to deliver on a more resilient, deeper, and mutually beneficial partnership between the United States and the nations of Africa. The US-Africa Leaders Summit in Washington, DC [...]

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MDB Policy-Based Guarantees: Has Their Time Come?

July 20, 2022

Multilateral development bank policy-based guarantees (PBGs) have long been an instrument in search of demand. First introduced in 1999 at the International Bank for Reconstruction and Development to help governments access market borrowing at attractive rates, their track-record has been uneven, and their uptake limited. The multilateral development bank (MDB) business model tends to favor direct lending over non-lending products. [...]

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Country Platforms and Delivery of Global Public Goods

January 20, 2022

This paper discusses three potential requirements for country platforms to facilitate effective delivery of GPGs. We propose that existing country platforms be repurposed to coordinate the contribution of domestic and external stakeholders to GPG delivery efforts at the country level. For this proposed approach to be successful, an explicit link must be introduced between country-level efforts and global initiatives to [...]

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