Finance

The BUILD Act is a remarkable bipartisan effort to modernize the US development finance toolkit. So why is the White House gutting the most important features of the new agency?

At the end of 2018, the world had seven development impact bonds (DIBs) and more in the pipeline. Yet questions remain about the potential of DIBs—still a new financing instrument—compared to other pay-for-performance arrangements. With a dearth of standard and transparent evaluation met...

Matti Kohonen of Christian Aid holds out the enticing prospect that African countries could collect an additional 1.5 percent of gross domestic product in tax if only big multinationals would stop dodging. The problem is that this estimate is (still) based on wishful thinking. Multinationa...

Economist Stephany Griffith-Jones on the role development banks can play in innovation, how they should interact with private actors and governments, and what new institutions can learn from their predecessors.

Economist Stephany Griffith-Jones on the role development banks can play in innovation, how they should interact with private actors and governments, and what new institutions can learn from their predecessors.

CGD senior fellow Scott Morris on how the International Development Finance Club institutions could increase their development impact, and, in light of the passage of the BUILD act earlier this year, how the new US Development Finance Corporation can get off to a good start.