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Blog Post
January 22, 2024
At the World Bank-IMF Annual Meetings last fall in Marrakesh, the Bank governors endorsed innovative financial instruments to boost lending at the International Bank for Reconstruction and Development (IBRD)—the Bank’s arm that lends to creditworthy countries. Some donor countries have signaled thei...
Blog Post
December 18, 2023
The Lancet Investing in Health Commission, led by Larry Summers and Dean Jamison in 2013, envisioned a grand convergence in key health indicators by 2035 between low-income and low-middle-income countries and the best-performing middle-income countries. Given significant global changes since the rep...
Blog Post
December 11, 2023
The World Bank offered up several new climate commitments at COP, including that 45 percent of its annual financing will be devoted to climate-related projects. The question is: what does “climate-related” mean? Will these funds really influence climate outcomes, or will they be the financial equiva...
Blog Post
December 11, 2023
Refugees are both highly exposed and highly vulnerable to climate shocks. Despite this, over 15 million refugees and other persons in need of international protection are in countries whose National Adaptation Plans (NAPs) do not account for their adaptation needs. This is a crucial omission that mu...
POLICY PAPERS
December 11, 2023
Factors like borrowing costs and access to alternative sources of finance will likely limit country demand for World Bank climate mitigation finance absent financial incentives, which could prove costly and difficult to resource at the scale needed to have meaningful impact. There's a risk that thes...
Blog Post
December 06, 2023
This year’s, COP, the big UN climate conference, opened with the Independent High-Level Expert Group in Climate Finance saying trillions of dollars were required annually for developing countries to meet climate goals, the ONE campaign documenting that donors had utterly failed to deliver on their e...
CGD NOTES
December 06, 2023
Marginal abatement cost curves, which suggest the cheapest approaches to reducing carbon emissions, are out of favor in international climate finance discussions because they are not good tools to use when thinking about systemic and urgent change. On the other hand, international financing studies ...
Blog Post
December 06, 2023
As COP28 draws on, major multilateral development banks (MDBs) and the International Monetary Fund (IMF) have made flashy announcements about their desire to expand debt-for-nature swaps. About a year ago, we warned against overestimating the efficacy of such swaps in addressing both climate change...
CGD NOTES
December 06, 2023
This note argues that the United Kingdom (UK), working within old and new coalitions, should take a more strategic approach to the aims and funding of a leading cluster of major multilateral funding institutions. It sets out the UK’s role within multilaterals, the key reform issues and how to treat ...