Multilateral Development Banks

More from the Series

Blog Post
AIIB Growing Pains and Opportunities: Three Takeaways
John Hurley
December 18, 2017
Last week the Asian Infrastructure Investment Bank’s (AIIB) board of directors approved financing for three projects, including, for the first time, a project in China. Looking back at AIIB operations to date, these are my three takeaways.
CGD NOTES
Toward Better Multilateral Development Banks: Can the United States and China Lead Together?
November 21, 2017
The purpose of this note is to provide a realistic analysis of where MDBs have made progress in improving performance and governance, the risks and challenges they and their shareholders confront today, possible areas of US-China collaboration, and a specific recommendation for a joint effort.
ESSAYS
Billions to Trillions? Issues on the Role of Development Banks in Mobilizing Private Finance
November 17, 2017
It is time to take a fresh look at the PSWs and to ask some basic questions about their role and instruments. The aim of this essay is to raise issues that need to be addressed as we think about how PSWs should evolve and adapt to meet the formidable challenges ahead. These questions and the answers...
Blog Post
Getting to Yes on a World Bank Recapitalization
November 08, 2017
World Bank President Jim Kim is hoping the bank’s 189 shareholders will agree to increase the current capital of the bank’s “hard” window sometime in 2018. But the US wants to link any support for a recapitalization to World Bank “graduating” China—and perha...
ESSAYS
What the AIIB Can Do for the Multilateral System
July 19, 2017
The Asian Infrastructure Investment Bank (AIIB) has enjoyed considerable success in its young life. The challenge going forward is to translate this resounding political success into operational effectiveness and sound strategy. Given the political dimensions of this new institution, it is also wort...
Blog Post
Time for Some Credit Counseling for the World Bank’s Biggest Deadbeat Donor
June 15, 2017
At a recent budget hearing, committee chairman Hal Rogers drew Mnuchin’s attention to the fact that the “past due” notices from the World Bank and regional MDBs are now approaching a record $2 billion. Mnuchin acknowledged a problem, expressed some degree of mystification about fed...
Blog Post
Five Innovations at the AIIB
May 25, 2017
We visited the AIIB a few weeks ago, and heard more about the emerging AIIB model: What is likely to be the same—as at the five big legacy banks (the World Bank and the four regional development banks) and what is likely to be different.