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Blog Post
September 21, 2023
The likelihood of capital increase for the World Bank’s non-concessional lending arm, the IBRD, appears to be climbing. At least an odd European government appears to be doing some preparatory work for it. But any negotiations around a capital increase may be complex. Large shareholders and borrowe...
Blog Post
September 14, 2023
The Poverty Reduction and Growth Trust (PRGT), the IMF’s primary vehicle to support low-income countries (LICs), faces a severe financial crunch. There are many ways in which this hole could be plugged to restore the PRGT, but as explained in a new CGD note, there are obstacles or drawbacks to each ...
Blog Post
September 11, 2023
It is standard fare for the G20 to issue lofty statements without any real muscle behind them, but the discordance in this year’s declaration is especially grating because explicitly and implicitly, the G20 have heaped exceptionally large burdens on the MDBs all in the context of what the leaders ac...
Blog Post
September 07, 2023
We have reviewed each of the UK’s seven main finance tools—from export finance to capital increases at its private finance arm, British International Investment. Overall, we find that the UK has substantially increased the level of finance it mobilises, from around £3bn in 2018, to £5bn in 2021, and...
Blog Post
September 05, 2023
EU finance ministers will soon appoint a new president of the European Investment Bank (EIB). Following two six-year terms, the incumbent, Werner Hoyer, will step down, and a new captain will take the helm of the world’s largest multilateral financial institution. The new president comes at a critic...
Blog Post
August 30, 2023
UN Secretary General Antonio Guterres prefaces the new UN report on the status of the Sustainable Development Goals (SDGs) at their midpoint with some despairing language. “Progress on more than 50 per cent of targets of the SDGs is weak and insufficient; on 30 per cent, it has stalled or gone into ...