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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

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Renewing US Multilateral Engagement for a More Effective Approach to Fragile States

Even before the Biden-Harris administration took office, they made clear that one of their top international priorities would be renewing the United States’ commitment to multilateralism. Within the international financial institutions (IFIs)—the World Bank and the International Monetary Fund (IMF)—as well as the United Nations, the US agenda over the next four years will be one of re-engaging with management and rebuilding coalitions with allied shareholders to advance priority issues and approaches. One of these priority areas will be improving the effectiveness of engagement in fragile states.

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What Should We Ask from the IMF on Climate Change?

While the world’s decision makers are now rightly focusing on the COVID-19 crisis and its potentially devastating economic aftermath, the climate change agenda has been moved from the center stage. As the world begins to rethink what the post COVID-19 economic order will look like, climate change will again play a key role. And so will the IMF.  

money from different countries

8 Ideas on Reforming the MDBs for the Eminent Persons Group

The Eminent Persons Group (EPG), tasked with making the system of international financial institutions fit for purpose in the 21st century, recently gave the G20 Finance Ministers a preliminary report on its work.The report is a bit long on generalities and short on specifics and, as my colleague Nancy Birdsall blogs, it mostly shies away from suggesting concrete adjustments in the way the multilateral development bank (MDB) system works now. Here are eight ideas that the EPG could propose that can be implemented in the next two years.

A New Agenda for the MDBs: Five Practical Reforms

Today, the Center for Global Development, the Brookings Institution, and the Overseas Development Institute released The New Global Agenda and the Future of the MDB System, a report we jointly prepared as input to the deliberations of the G20-convened Eminent Persons Group on Global Financial Governance. We argue that current global economic challenges require a rethink of the role that multilateral development banks (MDBs) can play in developing countries. Here are the top five areas where MDB reform is needed to help meet the 2030 Sustainable Development Goals: