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Blog Post
May 15, 2024
On Friday, May 10, 2024, the IMF Executive Board approved the recycling of special drawing rights (SDRs) to multilateral development banks (MDBs) for use as hybrid capital. It took a long time to get to this point, and the IMF should be congratulated for overcoming strong opposition, even from some ...
CGD NOTES
April 11, 2024
The pace of MDB reforms remains inadequate to have a material impact on sustainable development. Our assessment is buttressed by the results of a survey of international experts, who remain skeptical that there is enough momentum to implement sufficiently deep reforms across key areas.
We have id...
Blog Post
April 09, 2024
It's spring in DC, which means it's time once again for the IMF-World Bank Spring Meetings. Finance ministers, central bank governors, and other top officials from around the world gather to discuss the state of the world economy and the international financial architecture, and CGD's researchers ar...
Apr
18
2024
HYBRID
Washington, DC
11:00—12:00 PM ET / 4:00-5:00 PM BST
March 21, 2024
How can the MDBs effectively mobilize private finance at the necessary scale? A panel of key public and private leaders will grapple with this question, discussing feasible mobilization levels and what must be done to achieve them.
Blog Post
March 26, 2024
There was a very disappointing development at the IMF Executive Board earlier this month—the postponement of a formal decision on whether special drawing rights (SDRs) could be recycled to the hybrid capital scheme proposed by two multilateral development banks (MDBs), the African Development Bank (...
Feb
5
2024
HYBRID
Washington, DC
9:00—10:00 AM ET / 2:00-3:00 PM GMT
January 02, 2024
In the face of unprecedented global attention and interest in the World Bank, President Ajay Banga has brought energy and vision to evolve and expand the institution. During his first eight months on the job, Banga has sought to change how the Bank itself runs, with a promise to “fix the plumbing” a...
Jan
17
2024
VIRTUAL
2:00—3:00 PM ET / 7:00-8:00 PM GMT
December 18, 2023
To navigate this unsettled, difficult period, how can policymakers need to make their economies more resilient to shocks while implementing comprehensive structural reforms to boost long-term growth prospects? And can the global economy finally move past these overlapping crises to turn a corner? Jo...
Blog Post
December 06, 2023
As COP28 draws on, major multilateral development banks (MDBs) and the International Monetary Fund (IMF) have made flashy announcements about their desire to expand debt-for-nature swaps. About a year ago, we warned against overestimating the efficacy of such swaps in addressing both climate change...