International Financial Institutions

More from the Series

Blog Post
Aid Transparency and Subsidies to Private Companies: A First Step, But a Long Road Ahead
Charles Kenny
October 10, 2019
Today the IFC announced a step forward in its transparency around the use of aid resources to finance private companies. That’s right and proper: When scarce aid, and scarce tax resources, are used to support private firms, citizens of donor countries and recipient countries alike ha...
Blog Post
Should Multilaterals be Contractors or Collectives? A Case Study of World Bank Trust Funds
Owen Barder et al.
July 31, 2019
Trust funds are often regarded within donor agencies, such as DFID, as a useful mechanism to bypass lack of consensus within the multilateral, or to circumvent bureaucratic obstacles. But trust funds should properly be regarded as second or third best solutions.
POLICY PAPERS
“Contractors or Collectives?” Earmarked Funding of Multilaterals, Donor Needs and Institutional Integrity: The World Bank as a Case Study
Owen Barder et al.
July 16, 2019
This paper revisits earlier analyses of the pros and cons of so-called “Multi-bi” funding, or earmarked bilateral funding channelled through a multilateral development institution like the World Bank. 
BRIEFS
Making Basel III Work for EMDEs (Brief)
Task Force on Making Basel III Work for Emerging Markets and Developing Economies; Thorsten Beck and Liliana Rojas-Suarez, Co-Chairs
April 23, 2019
A CGD Task Force assessed the implica­tions of Basel III for EMDEs and provided recommen­dations for both international and local policymakers to make Basel III work for these economies. This brief summarizes the key findings and recommendations.
Blog Post
US Treasury to Appropriations: World Bank, IFC Accountability Must Be Strengthened
Vijaya Ramachandran
April 17, 2019
Last week, the US Treasury Department submitted a report to the appropriations committees of the House and Senate on strengthening the accountability mechanisms of the World Bank and International Finance Corporation, fulfilling a requirement included in the spending package signed into la...
Blog Post
IFC’s Accountability Review Is Welcome but Must Translate to Action
Vijaya Ramachandran
April 10, 2019
International Finance Corporation CEO Philippe Le Houerou announced that the IFC’s board will undertake a review of its accountability mechanisms, including the office of the Compliance Advisor Ombudsman. The announcement is timely. By initiating a review, IFC’s Board is taking the first...
Blog Post
Congress Spotlights the World Bank’s Private Sector Subsidies
Charles Kenny
April 10, 2019
Yesterday, the House Committee on Financial Services held a hearing with US Secretary of the Treasury Stephen Mnuchin on the international financial system. Chairwoman Maxine Waters opened the session with a strong statement on the World Bank’s $2.5 billion IDA Private Sector Window ...