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.
Masood Ahmed, President, Center for Global Development
Remy Rioux, Chairman, International Development Finance Club and Chief Executive Officer, Agence Française de Développement
Paul Lamontagne, Managing Director, FinDev Canada
Elizabeth Littlefield, former Chief Executive Officer, Overseas Private Investment Corporation
Given the changing global landscape, development finance – rather than aid – is poised to be the future of development.
The spotlight is increasingly on Development Finance Institutions (DFIs) to be catalysts in mobilizing needed financing. At a time when their record on development finance mobilization and development impact is still debated, they are nevertheless being asked to play a critical role in helping to fill huge financing gaps associated with meeting the SDGs. Several countries have established new DFIs and others are considering expanding DFI operations.
The Center for Global Development (CGD), the Agence Française de Développement (AFD), and the International Development Finance Club (IDFC) will host a discussion on the future of DFIs.
The discussion will explore:
What are the DFIs’ purpose, distinctive role, and value-added in development?
What role is there for DFIs to support policy development, regulatory frameworks, and long-term planning?
How can DFIs effectively balance development impact and investment sustainability and profitability?
How can DFIs change their business models to increase and improve mobilization of private finance?
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, Murat Yülek’s new book, How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development, sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. Explaining technical concepts in understandable terms, the book introduces a stylized industrialization process in four stages and locates different countries on the process map. He illustrates how picking-the-winner type industrial policies –a controversial issue among the economists –have worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. As trade wars and (pre-mature) de-industrialization become the zeitgeist of today, the book shows the links between global (im)balances and economic development explaining export-led growth as well as import-led slowdowns.
On the sidelines of the World Bank and IMF Spring Meetings 2019, the Center for Global Development (CGD) and the Bretton Woods Committee (BWC) will co-host this expert panel to discuss the future of the World Bank under its new president, David Malpass. What should top his agenda? What are the most important and urgent issues in the development landscape and what is the role of the World Bank in addressing these challenges? Join us to hear from this panel of global thought leaders offering recommendations for the future of the multilateral system.