Recent Posts
The trillion-dollar bank: Making IBRD fit for purpose in the 21st century
April 12, 2023The World Bank Evolution Roadmap is being developed at a critical moment in time. Developing countries have been hit by the unprecedented impact of the COVID-19 pandemic and the Ukraine war, with loss of fiscal buffers, increased indebtedness, and erosion of creditworthiness, leading to a decline in growth prospects and leaving them exposed to further crises. Progress on poverty reduction has been arrested and most developing countries are offtrack on most of the sustainable development goals (SDGs). There is also growing recognition of the need to respond more effectively to [...]
A New World Bank Agenda in the Era of Climate Change
April 12, 2023As the window closes for dealing with the climate crisis, it is worth remembering that the roots of the crisis lie in decades of rising greenhouse gas (GHG) emissions, justified by rich and poor countries alike and their financiers as the by-product of boosting GDP growth at all costs. Agreements to cut emissions, which should tackle runaway climate change, are fragile as shown by the recent return to fossil fuels, especially coal, when energy shortages threaten GDP growth targets. The solution is a meeting of the minds among countries on [...]
What Do Middle Income Countries Want from the Multilateral Development Banks? Sri Mulyani Indrawati and Jin Liqun in Conversation with Masood Ahmed
April 14, 2023 ETFEATURING Sri Mulyani Indrawati, Minister of Finance, Republic of Indonesia Jin Liqun, President and Chair of the Board of Directors, Asian Infrastructure Investment Bank (AIIB) MODERATOR Masood Ahmed, President, Center for Global Development This event will be hosted in-person at CGD's DC office: 2055 L St NW, 5th floor, Washington, DC 20036 What do middle income countries (MICs) want from the multilateral development banks (MDBs)? Large developing countries like Indonesia have longstanding relationships with the MDBs and have been among their most important clients. But these relationships are now receiving [...]
Beyond the Dollars: Ensuring World Bank Evolution Means Evidence and Impact Revolution, Too
April 12, 2023 ETFEATURING KEYNOTE SPEAKER Bård Vegar Solhjell, Director General, Norwegian Agency for Development Cooperation (Norad) PANELISTS Bård Vegar Solhjell, Director General, Norwegian Agency for Development Cooperation (Norad) Koldo Echebarria, former Director General, Esade Business and Law School; former manager, Inter-American Development Bank Dean Karlan, Chief Economist, U.S. Agency for International Development (USAID) Arianna Legovini, Director of the Development Impact Evaluation (DIME), World Bank Marie-Ange Saraka-Yao, Managing Director of Resource Mobilisation, Private Sector Partnerships & Innovative Finance, Gavi MODERATOR Amanda Glassman, Executive Vice President of CGD, CEO of CGD Europe, and Senior Fellow This [...]