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 Future of IDA: How Does Gender Equality Factor In?

April 10, 2023

This blog is one in a series by experts across the Center for Global Development ahead of the IMF/World Bank Spring Meetings. Each post in the series will put forward a tangible policy “win” for the World Bank or the broader MDB system that the author would like to see emerge from the Spring Meetings. Read the other posts in the series, and stay tuned for more. The World Bank’s International Development Association (IDA) is the largest source of concessional loans and grants for the world’s poorest countries. Its financing, if well-deployed, will continue [...]

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Adapting Multilateral Development Banks (MDBs) to Global Challenges: Perspectives of African Leaders on Reform

April 10, 2023 ET

This 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 can and already have setback development outcomes. While the perspectives of African leaders are key in these conversations, voices from the continent have not gotten the attention they deserve. At [...]

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For the World Bank to Address Global Challenges, It Needs to Address Trade-Offs Head On

April 7, 2023

This blog is one in a series by experts across the Center for Global Development ahead of the IMF/World Bank Spring Meetings. Each post in the series will put forward a tangible policy “win” for the World Bank or the broader MDB system that the author would like to see emerge from the Spring Meetings. Read the other posts in the series, and stay tuned for more. At the Spring Meetings, calls for the World Bank to become the go-to institution for fighting global challenges will intensify, including from some of us at CGD. [...]

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An Innovative IFI Operating Model for the 21st Century

April 6, 2023

Last year saw major contributions to the international finance reform agenda, including Finance for Climate Action (the “Songwe-Stern report”), the Bridgetown Agenda, and the Independent Review of Multilateral Development Banks’ Capital Adequacy Frameworks submitted to the G20 finance ministers. 2023 will be a critical period for implementing reforms to meet the scale and urgency of the climate crisis while also addressing the other crises facing developing countries – food and energy price inflation, debt sustainability, among others – as well as development priorities as targeted in the Sustainable Development Goals. International pressure and a leadership [...]

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