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CGD NOTES
June 06, 2024
Most foreign aid comes in one of two forms: either we pay a person or an institution today in exchange for delivering some beneficial activity in the future, or we observe something bad happen to them and then give them support to recover from it. In this note, I identify a broad family of alternati...
CGD NOTES
June 05, 2024
This paper reviews PSW performance and, based on our findings, offers recommendations to strengthen performance going forward. Our review is based on key indicators of success, including usage rates (commitments and disbursements), whether PSW investments have helped spur higher levels of IFC and MI...
CGD NOTES
April 11, 2024
The reform agenda is long and complicated. MDB shareholders, managers, and other stakeholders need a systematic way to assess progress as objectively and independently as possible. CGD has built this MDB reform tracker for this purpose. The aim is a comprehensive tool, but also a focus on reform pro...
CGD NOTES
October 13, 2023
A world on fire requires the multilateral development banks to be at center stage in creating an effective response and bringing diverse actors to support a shared agenda of transformative development. MDBs have a distinctive comparative advantage in playing a catalytic role in fostering government ...
CGD NOTES
July 19, 2023
Radically reformed and strengthened MDBs are essential to address the immense global challenges in today’s world. The welfare of billions of people and the health of the planet, the foremost example of a global public good (GPG), are under threat. To make matters worse, the problems are getting bigg...
CGD NOTES
March 01, 2023
The World Bank is in the most visible position as it works on its evolution roadmap. But change is needed across the MDB system to enable these institutions to play a more effective and a much bigger role in helping the world meet these challenges. Together they hold about $500 billion in shareholde...
CGD NOTES
December 09, 2022
There is a very real possibility that the UK ceases to be a significant presence in international development over the next couple of years; indeed, this is the most likely outcome at present. In this note, we set out the challenges facing Mitchell, and how each of our recommendations can be achieve...
CGD NOTES
November 07, 2022
The assignment is clear. During this year’s Annual Meetings of the IMF and World Bank, shareholders instructed the World Bank to develop a work program for its own evolution (“to identify gaps in the Bank’s current institutional and operational framework…”) by the end of the year. Secretary Yellen l...
CGD NOTES
June 09, 2022
As one of the only truly global institutions, the World Bank is uniquely positioned to be the world’s premier source funding for global public goods. But despite its global coverage, the World Bank has never truly been oriented towards global challenges. Its mission has been defined primarily by ind...
CGD NOTES
May 19, 2022
The stakes are high for the African Development Fund (AfDF) as it kicks off its replenishment fundraising exercise this spring. Countries in sub-Saharan Africa (SSA) are still grappling with the health and economic fallout of the COVID-19 crisis, with over 30 million of their citizens pushed into po...