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Blog Post
July 20, 2021
Today, the World Bank and the Center for Global Development (CGD) have published a new report exploring how new mutually beneficial migration partnerships can be built between Nigeria and Europe. In this blog, we outline three roles that multilateral organizations such as the World Bank can play to ...
Blog Post
July 19, 2021
The G7 countries pledged a massive scale-up in support of developing-country financing at their recent summit in the UK. How it will be financed remains an open question. But analyzing trends in recent debt flows by lenders to developing countries, and taking stock of the Debt Service Suspension Ini...
Blog Post
July 12, 2021
The puzzle for development finance experts has been that the capital flows from developed financial markets to developing countries are nowhere large enough to meet financing needs for the Sustainable Development Goals (SDGs), even if official assistance were to be ramped up significantly. Cyclicall...
Blog Post
June 29, 2021
You may have missed a recent dry-sounding but groundbreaking report, Default Statistics: Private and Sub-Sovereign Lending 2001-2019. It summarizes data from the Global Emerging Markets (GEMs) Risk Database for a set of 11 multilateral development banks (MDBs) and development finance institutions (D...
Blog Post
May 21, 2021
How have the MDBs responded to the COVID-19 crisis? A CGD note just published assembles data published so far for four of the major MDBs on their financial commitments to governments and the private sector in 2020 compared to 2008-2009 during the Global Financial Crisis. Here we summarize the soberi...
CGD NOTES
May 21, 2021
The world is now more than a year into the second global crisis of the century. This time, the IMF has stepped up. But what about the multilateral development banks? One of their central roles is to expand the fiscal space of middle- and low-income countries (MICs and LICs) for development spending,...
Blog Post
April 22, 2021
COVID-19 and the economic crisis it unleashed have spurred unprecedented action from governments and international institutions. Multilateral development banks (MDBs) like the Asian Development Bank (ADB) swiftly committed resources to COVID-19 response and recovery efforts in 2020 and 2021, includi...
Blog Post
April 21, 2021
Even before the Biden-Harris administration took office, they made clear that one of their top international priorities would be renewing the United States’ commitment to multilateralism. Within the international financial institutions (IFIs)—the World Bank and the International Monetary Fund (IMF)—...
Blog Post
April 20, 2021
Few would argue that collaboration and collective efforts across the multilateral development banks (MDBs) are not urgently needed. Yet while the logic and need are obvious, the actual extent of collaboration between MDBs is limited. Our recent paper explores how this gap in the international financ...
CGD NOTES
April 20, 2021
The need for collaboration and cooperation across the multilateral development banks (MDBs) seems obvious. Donor governments set up these institutions to multiply their development dollars, to concentrate global development expertise, and to spread knowledge and evidence of effective development pol...