Center for Global Development

The Center for Global Development is an independent, nonpartisan think tank based in Washington D.C. and London. CGD works to reduce global poverty and improve lives through innovative economic research that drives better policy and practice by the world's top decision makers. Over the next two years, CGD will be conducting rigorous research and proposing practical solutions to drive broader mandates, better governance, and modern business models at the multilateral development banks.

Recent Posts

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 presents an important opportunity to discuss the public good provided by African countries in hosting 7 million refugees. The US is the largest bilateral and multilateral donor to refugee responses [...]

Read More

MDBs for a Global Future: Centering Borrowing Country Perspectives

November 30, 2022

We live in a world confronted by multiple global crises. Many of these crises—like climate change and global pandemics—defy national borders and will require unprecedented levels of investment to be contained. Global public goods (GPGs) like emissions mitigation or the development of new antibiotics are key to a less crisis prone world, but they have been underinvested in. Multilateral development banks (MDBs) like the World Bank are well positioned to address many of these global challenges by virtue of their size, reach, and scope. The challenge ahead is how to [...]

Read More

Hybrid Capital and SDRs for the Uninitiated

November 28, 2022

More than a year after the IMF general allocation of Special Drawing Rights (SDRs) and the G20 promise to recycle $100 billion of SDRs, how much has been achieved? The quick answer: $60 billion has been pledged, and there is hope that the United States will contribute another $21 billion. But how will the recycled SDRs be used?  The IMF would like to absorb about $65 billion through the Poverty Reduction and Growth Trust (PRGT) and the Resilience and Sustainability Trust (RST), which leaves about $35 billion looking for a [...]

Read More

Future of Development Forum

November 14, 2022

A 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 poorer countries is narrowing.  In the face of headwinds to global prosperity and increasing geopolitical, economic, global health and environmental insecurity, development agencies and multilateral institutions are struggling to keep [...]

Read More