The 21st replenishment of the International Development Association (IDA), the concessional lending arm of the World Bank, concluded last December, with donors pledging $23.7 billion for a replenishment totaling $100 billion. A month later, President Trump took office, and his administration impleme...

According to a recently leaked document, the Trump administration is considering reorganizing the US foreign assistance architecture, with an eye to merging MCC, DFC, and USTDA.

This month, Bloomberg reported discussions within the Trump administration for revamping the US International Development Finance Corporation (DFC) as a sovereign wealth fund. As celebrants of DFC’s creation and close watchers of the agency, we have thoughts.

What will the incoming Trump administration mean for US funding to multilateral development initiatives? We drill down on US funding for a subset of the major multilateral development, health, and climate funds, to see how funding levels enacted by Congress compared to presidential budget requests a...

Across 2024 and 2025, almost a dozen major multilateral funds are going to donors for additional funding in what we dubbed a “traffic jam” of replenishments. As 2024 draws to a close, three replenishments have concluded (sort of—read on for more). IDA is the largest and the standout: the World Bank’...

Last week, the World Bank released a draft of the IDA21 replenishment report for comment by external stakeholders. Six of CGD's senior researchers dissected the draft report and the most recent iteration of the policy package on the issues we follow most closely. Here are our reactions.

Earlier this year, we warned of a fundraising pile-up on the horizon. Now, amidst news of several donors cutting aid budgets and competing demands on the same constrained pots of resources, prospects for a successful fundraising cycle now look grim.