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.
This week, Liberians celebrated in the streets – faces painted, drums blaring, and dancing with abandon. They’re not rejoicing over some recent triumph by the Liberian soccer team or a local festival. The streets of Monrovia were overflowing because of debt relief. That’s right, debt relief. On Tuesday, Liberia secured nearly $5 billion in irrevocable debt relief from the World Bank, IMF, African Development Bank, and bilateral creditors. It’s a massive sum
Muthukumara Mani, an environmental economist at the World Bank, has written a moving account of the efforts underway in Orissa, one of India’s poorest states, to figure out what to do about climate change—not the future threat of climate change, but the impacts hitting poor people in Orissa NOW:
Tuesday, June 15 marks the last day that the board of the United Nations Educational, Scientific, and Cultural Organization (UNESCO) can object to the UNESCO-Obiang International Prize for Research in the Life Sciences, which is made possible by a $3 million grant given to UNESCO by Equatorial Guinea’s dictator of 31 years—Obiang Nguema Mbasogo. As we blogged earlier, UNESCO gets to keep half of the money as a finder’s fee for identifying the winner. If the award ceremony does go forward, Obiang plans to attend, along with UNESCO's director-general, Irina Bokova.
This blog entry also appeared on the Huffington Post.
As the global economic crisis spread throughout the developing world in 2008, some of us waited for the next unfortunate phase for poor, debt vulnerable countries - the resumption of massive IMF lending. This is a movie that we’ve seen many times before. And we know the ending. Sadly, it’s less of a Hollywood ending and more of a Parisian tragedy.
It didn’t take long to get the IMF engine roaring.
The World Bank announced this week that it will providing “free, open and easy access to World Bank statistics and indicators about development.” It is an important step for the Bank. First and foremost because it will facilitate more research and better-informed writing about development issues; but also because it recognizes that this kind of information is exactly the kind of public good that the World Bank should be producing.
This commentary also appeared on The Huffington Post and Global Post
Last week at a United Nations conference, donors pledged more than $10 billion to finance reconstruction and development investments in Haiti. The United States promised a hefty $1.15 billion.
But pledging money is the easy part. The United States, the lead donor and friend with the greatest interest in Haiti's future development, can do much more, in two ways: its own aid programs can be more effective; and it can take steps beyond aid that are far more critical to long-run prosperity for Haiti's people.