Recent Posts
Evolution of the World Bank Group – A Report to Governors
March 30, 2023Report for the April 12, 2023 Development Committee Meeting.
The World Bank’s Future Rests on Its Next Leader
March 27, 2023Masood 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 step into the winner’s circle in a few weeks. His nomination has been generally welcomed as he meets with leaders and stakeholders around the world in his campaign. Not because [...]
Amplifying African Voices: Reforming Multilateral Development Banks
February 27, 2023Now is the time to build momentum for meaningful reforms that address Africa’s needs In recent years, the world has experienced a rise in the number and frequency of crises such as climate change, the COVID-19 pandemic, and geopolitical conflicts. This highlights the need for urgent action to tackle the most pressing global challenges of our time. However, international responses to these crises have been disappointing, and lessons from the past have not been properly learned. Multilateral Development Banks (MDBs) are uniquely qualified to address today’s crises with strong country-specific [...]
How Emerging Economies Are Reshaping the International Financial System
February 22, 2023It’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 to the multilateral finance system that supports development rise significantly. Our new report collates those contributions over the last decade for the first time. It charts how China’s annual contributions [...]