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Development finance cooperation amidst great power competition: what role for the World Bank?

April 11, 2023

The World Bank today faces parallel challenges to its operations and governance. The institution has since its founding provided financing on favourable terms to developing country governments to support national development efforts. Alongside these country demands, there are now calls for a new set of mandates and activities associated with global public goods. Advocates would have the Bank allocate large [...]

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El mundo no necesita otra institución más contra el cambio climático

April 11, 2023

Los fondos de mitigación y adaptación al calentamiento global podrían funcionar canalizados por una sola entidad independiente, que controle la asignación de las inversiones y evalúe el impacto. La crisis climática es global, tanto si vivimos en un país rico como uno pobre. Sin embargo, la comunidad internacional ha sido incapaz de encontrar soluciones conjuntas para financiar, a la escala [...]

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Bitesize Business Breakfast: More companies in RAK’s Economic Zone

April 10, 2023

RAK Economic Zone saw the number of new companies signing up more than double in Q1. Ramy Jallad joined us to explain what's driving up the numbers. Plus, as the UAE Minister of State for Finance Mohamed Al Hussaini heads to Washington for the IMF Spring Meeting, we ask Masood Ahmed about the UAE's role in the meeting. And, we [...]

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The World Bank’s Future Rests on Its Next Leader

March 27, 2023

Masood Ahmed' Guest commentary on Barron's The Biden administration recently nominated Ajay Banga, the former head of Mastercard, to succeed the embattled David Malpass as president of the World Bank. Elections to the presidency of the World Bank are in reality a one-horse race for the jockey selected by the U.S., the Bank’s largest shareholder. It is nearly certain that Banga will [...]

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How to Finance Green Infrastructure

November 2, 2022

This publication was originally published in Project Syndicate  Mobilizing excess savings in advanced economies for much-needed investment in green infrastructure in emerging-market and developing economies will not be easy. But it is possible, if both the public and private sectors do their parts. WASHINGTON, DC – To spur development and fight climate change, emerging-market and developing economies (EMDEs) will need huge [...]

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IMF-World Bank meetings are the last stop before a coming economic storm

October 5, 2022

Lawrence H. Summers, a Post Opinions contributing columnist, is a professor at and past president of Harvard University. He was treasury secretary from 1999 to 2001 and an economic adviser to President Barack Obama from 2009 through 2010. Masood Ahmed is president of the Center for Global Development; he has previously served as a senior official at the World Bank [...]

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