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Research
Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
TESTIMONY
Remarks to the European Parliament on EFSD/ EFSD+
September 24, 2025
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Research
POLICY PAPER
October 16, 2025
While most stablecoin activity now involves buying and selling other cryptocurrencies, this is starting to change, with increased stablecoin use for remittances and international settlements. The passage of the US GENIUS Act has accelerated their legitimacy and adoption, helping drive stablecoin tra...
CGD NOTE
July 09, 2025
It is reasonable to argue that the IDA results measurement framework needed reform when donors negotiated IDA21. By IDA20, the framework lacked cohesion and included more than 1,000 programmatic funding targets, only a few of which had corresponding indicators showing any connection between inputs (...
CGD NOTE
April 24, 2025
In 2024, AfDB President Akinwumi Adesina urged shareholders to support a highly ambitious target of $25 billion for ADF 17, up from $9 billion for ADF 16 (which included $429 million for a new climate action window). Now, even meeting ADF 16 targets would represent a major victory because the ADF’s ...
CGD NOTE
March 06, 2025
The dramatic and unexpected cessation of US foreign aid could change the trajectory of development assistance for years to come. The sudden stop in funding is reverberating globally, destabilizing the aid community and cutting off access to hundreds of lifesaving programs affecting millions of peopl...
CGD NOTE
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...
POLICY PAPER
December 11, 2023
Factors like borrowing costs and access to alternative sources of finance will likely limit country demand for World Bank climate mitigation finance absent financial incentives, which could prove costly and difficult to resource at the scale needed to have meaningful impact. There's a risk that thes...
