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Blog Post
February 23, 2023
Last month, the World Bank released an “evolution roadmap” proposing to do more on climate change in low- and middle-income countries. It is a global challenge that will have a disproportionate impact on the world’s poorest countries. But it is also important to listen to the Bank’s clients, especia...
Blog Post
February 13, 2023
The World Bank Group Evolution Roadmap makes three financing asks of donors and shareholders: capital for IBRD, continued support for IDA, and grants to support climate projects. I think donors and shareholders should support a capital increase and strengthen commitments to IDA. But they should not ...
Blog Post
January 11, 2023
At the Annual meetings of the World Bank and IMF last year, shareholders asked the World Bank to come up with a set of proposals to evolve a larger role in climate and other global public goods. The Bank’s first response came pretty quick: by mid December, only a couple of months after the request, ...
Blog Post
December 09, 2022
With climate change already affecting the lives and livelihoods of millions of people around the world, the need for a coordinated global response has never been more urgent. But to mobilize the huge sums required to finance the investments we need to ensure a climate-resilient future, the world mus...
CGD NOTES
November 02, 2022
Climate change is a worldwide and potentially centuries-long event, but it is precipitating thousands of local and short-term crises that demand response. That means it is urgent to move away from thinking about climate change as “distant and unimportant” or “distant and universally existential” tow...
Blog Post
October 04, 2022
The World Bank/IMF Annual Meetings begin next week—against a backdrop of mounting economic crises and uncertainty. How can we reduce global debt? Rethink the MDB/IMF system to address pressing issues like pandemics, climate change, and food security? Support poor countries where they need the most a...
CGD NOTES
May 19, 2022
The stakes are high for the African Development Fund (AfDF) as it kicks off its replenishment fundraising exercise this spring. Countries in sub-Saharan Africa (SSA) are still grappling with the health and economic fallout of the COVID-19 crisis, with over 30 million of their citizens pushed into po...
Blog Post
November 29, 2021
While hopes for mobilizing private finance for climate response were boosted by the investment firms managing a collective $130 trillion who signed onto net zero pledges at the COP, actually getting the private trillions to move south remains a huge challenge. And two leading proposals point to the ...
Blog Post
November 23, 2021
The fact is $100 billion a year is woefully insufficient to cover the cost of climate change adaptation, let alone financing clean energy transitions across the developing world. The adaptation price tag alone could reach $300 billion a year by 2030. According to the IEA, the cost of financing clean...