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POLICY PAPERS
September 07, 2023
The UK government has significantly expanded its development finance beyond ODA. The strategic use of guarantees, export finance, and other instruments is not a substitute for grants to the poorest, but instead offers the prospect of mobilising significant lending to developing countries, which can ...
Sep
19
2023
HYBRID
London, UK
6:30—7:30 AM EDT | 11.30am - 12.30pm BST
August 23, 2023
In this event, Lord Jeremy Purvis will set out the Liberal Democrats' approach to international development, as we approach the General Election. He will also give his perspective on the challenges facing UK development policy, the strengths and weaknesses of its approach, and the goals it should pu...
Blog Post
August 29, 2023
As new president Ajay Banga settles in to his position atop of the World Bank, his thoughts will be on institutional reform. Not least, the mandate he has been given to “evolve” the Bank to take on the mission of climate change. How do you redeploy 19,000 staff members in a new structure to get res...
Blog Post
August 22, 2023
In an earlier paper (and blog) published in March, we assessed the initial five programs supported by the IMF’s the Resilience and Sustainability Trust (RST), a new financing vehicle designed to help countries address climate change and pandemic preparedness. Among our findings, four stood out. Firs...
Blog Post
August 15, 2023
On August 10, the White House submitted a $40.1 billion emergency supplemental request to Congress that includes $2.25 billion for the World Bank. The request for the Bank is well balanced: it would provide $1.25 billion to support “global challenges” (a more politically palatable term than climate ...
Blog Post
August 01, 2023
A number of aid advocates have started (re)using the fear of migration flows to drum up support for increased, or at least sustained, development and climate finance. Their argument is that such finance will reduce migration flows; that we should support and protect prosperous and sustainable econom...
Blog Post
August 01, 2023
I have already suggested some of what I’d like to see in UK party political manifestos on the topic of global development, and while some of that is outside the remit of a paper that apparently won’t discuss overall funding levels or institutional arrangements, there’s still a lot left. It would be ...
TESTIMONY
July 27, 2023
On June 27, 2023, CGD senior fellow Charles Kenny submitted evidence to the UK International Development Committee inquiry on “Investment for Development: the UK’s strategy towards development finance institutions and the effectiveness of aid spending through British International Investment (BII).”
POLICY PAPERS
July 26, 2023
Public and policy discourse has been imprecise in its definition of what constitutes a global public good, with implications for our understanding of how MDBs contribute to them. Once this is corrected for, it becomes apparent that, except under restrictive conditions that are unlikely to hold in th...
Blog Post
July 26, 2023
The effects of anthropogenic climate change are upon us, and the time for serious action is past due. In this context it is unsurprising that many observers are turning to the multilateral development banks (MDBs) for this action. These are institutions whose names inspire the potential for grand ac...