CGD in the News

World Bank President Jim Yong Kim bows out as the development lender looks for relevance (Deutsche Welle)

January 31, 2019

From the article:

Jim Yong Kim is officially leaving as president of the World Bank on February 1. His departure comes three years ahead of schedule and reveals the lender's confusion about its role in a globalized world.

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And how much can multilateral development banks raise in total? The Center for Global Development has estimated that all of them put together — not just the World Bank but also regional lenders such as the Asian Development Bank — can spend about $116 billion a year, out of which only about $45 billion is earmarked for infrastructure investment.