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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.

 

ADB’s Merger Means ‘Big Gains for Development’

Good news from the Asian Development Bank's annual meetings in Baku, Azerbaijan this past weekend, where shareholders approved a plan to almost double the amount of financing available to developing countries. Bank president Takehiko Nakao's proposal to merge the ADB's concessional and non-concessional lending was nearly two years in the making. His persistence - and that of his team - shows that creative thinking and a bold approach to engaging with shareholders can yield big gains for development.

Will the World Bank Still Be Center Stage When It Turns 75?

What does it mean when a majority of the World Bank’s shareholders (measured by voting shares) decides to put capital in a new multilateral development bank (MDB) and not the World Bank itself? The flood of countries joining the Asian Infrastructure Investment Bank (AIIB) is unavoidably a soul-searching moment for the Washington-based institution long known simply as “the bank” in the development community. 

G-20 Brisbane Showing Cracks in Infrastructure Agenda

As we approach the G-20 Leaders Summit in Brisbane, it is worth giving credit to Australia for its robust presidency, and particularly the attention paid to the G-20’s development agenda. Sandwiched between the Russian and Turkish presidencies—countries considerably more controversial these days in the West—Australia faced the difficult task of generating sufficient goodwill among the membership within a year to make some progress on a sprawling work plan.

At Long Last, A Paris Club Deal with Argentina. But What Will Congress (and the Lobbyists) Think?

In the world of sovereign debt workouts, the relationship between Argentina and the Paris Club has tended to look like Lucy, Charlie Brown, and the football. Time and again, Argentina (Lucy) would earnestly declare interest in striking a deal to repay its debt to club creditors only to pull back at the last minute. So imagine everyone’s surprise at this week’s announcement that Charlie Brown finally got to kick the football.

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