With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Earlier this year, CGD’s Scott Morris conducted a six-month survey of the 24 members of the International Development Finance Club (IDFC) to determine how equipped they are to meet the sustainable development goals. The preliminary results are available in his recent paper, and demonstrate the clear value of organizations like the IDFC.
In the paper, Scott argues that the IDFC members collectively have more than twice the amount of resources the MDBs have, and are well-placed to meet key SDG requirements, like nationally-led development strategies and significant private investment.
But, he tells me in this episode of the CGD Podcast, “the ambitions of the club itself aren’t fully realized by any stretch”:
Check out the podcast to learn more about how IDFC 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.
With Jim Kim’s abrupt departure from the World Bank, there has been a swirl of commentary on questions of legacy, the best of which aim to answer the question, “how is the bank doing?” For large multilateral institutions like the World Bank, that’s a frustratingly difficult question to answer. Seemingly objective measures like volume of financing or sectoral targets are simplistic and bring their own value judgements about what the institution should be doing. Annual reports give us a narrative about institutional performance, but a heavily biased one.