89 items match the topic Better Financing
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In this policy brief I propose a new approach to climate financing: the creation of an International Green Bank, which would be a global public-private partnership. This approach would make it easier to raise the $500 billion requested by the Bridgetown Initiative, because in addition to sovereign contributions, the Green Bank’s financing will include contributions to capital by...
Tapping the potential of borrower-led multilateral development banks
Evolving the World Bank’s Twin Goals
The World Bank management’s Evolution Roadmap suggests the institution is reconsidering its ‘twin goals’ mission statement of eradicating extreme poverty (ending $2.15 poverty by 2030) and boosting shared prosperity (raising the incomes of the bottom 40 percent in each country). It is reassuring that Bank management wants to keep the twin goals focused on consumption...
The World Bank Group’s Evolution Roadmap: More Work Needed
At the Annual meetings of the World Bank and IMF last year, shareholders asked the World Bank to come up with a set of proposals to evolve a larger role in climate and other global public goods. The Bank’s first response came pretty quick: by mid December, only a couple of months after the request,...
Transparency and World Bank Evolution
Late last year, the World Bank Group issued a roadmap on its potential evolution in response to shareholder pressure at this year’s Bank-Fund annual meetings. The roadmap document has been widely shared with member governments. As reported by Reuters and Devex on the basis of leaked copies, it proposes reforms to the World Bank Group’s...
The New Model IFC Still Isn’t a Good Deal for IDA Countries
The IFC isn’t finding more private sector projects to support in IDA countries even with the backing of both PSW financing and retained earnings used to hire more staff to look for projects. Absent actual projects to invest in, PSW resources are increasingly committed to regional and global facilities that don’t disburse. That doesn’t help...
AfDB’s new Room2Run highlights opportunities and questions about MDB risk transfer
MDBs for a Global Future: Centering Borrowing Country Perspectives
An effective transformation of the MDB system can’t happen from Washington alone—what emerging markets and low-income countries alike want from the MDB system will need to be front and center. To ensure borrower perspectives are a major part of the conversation, two finance ministers have agreed to contribute in-depth discussions of reform.
The Development Finance Agenda Must Adapt to Africa’s Reality
Hybrid Capital and SDRs for the Uninitiated
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? And how will the recycled SDRs be used?