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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.

 

An image of Latin American currency.

The Case for an IDB Capital Increase Is Everywhere Except in the IDB’s Lending Numbers

Today the IDB is again making the case for a capital increase to its shareholders. Yet, despite an unfolding crisis that threatens development progress in Latin America to a degree that eclipses the Global Financial Crisis,  talk of a financing cliff at the bank is absent from its appeal for more capital. That’s because a spike in crisis financing has yet to materialize in IDB’s lending numbers.

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.

Strengthening Capital Markets in Emerging Economies: Two Key Issues that the G20 Should Not Miss

The agenda for the G-20 finance ministers and central bank governors meeting in Sydney this weekend focuses on two themes: promoting stronger economic growth and employment and making the global economy more resilient. The G-20 leaders have recognized that expanding and strengthening capital markets in developing countries is crucial to both these goals and member countries have identified this as a priority issue for their deliberations.