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In a modest win for multilateralism, 193 countries approved the Pact for the Future just ahead of the UN General Assembly. Unfortunately, the Pact suffers from two fatal flaws: the first is the disconnect between its vision and current events and the second is the disconnect between its signatories’...

The co-hosts of the 2024 Development Leaders Conference—CGD's Mikaela Gavas, Siti Nugraha Mauludiah from the Ministry of Foreign Affairs in Indonesia, and Norad's Bård Vegar Solhjell—share their takeaways from the event, including the diverse experiences of traditional and emerging donors, the chall...

There have been some dramatic global changes and challenges to the world order over the last few years. While the COVID-19 pandemic and the war in Ukraine highlighted countries’ global interdependency, deepening geopolitical tensions have brought national security considerations to the fore. There i...

In 2015 the nations of the world agreed at the United Nations on 17 Sustainable Development Goals (SDGs) to be reached by 2030. The SDGs are the closest the world has come to a definable and measurable global social contract. The SDGs do not constitute a legally binding contract; there are no pen...

With several replenishment campaigns set for 2024-2025, a fundraising pileup is on the horizon. Close to a dozen major development funds—including the World Bank’s International Development Association (IDA), thematic funds like Gavi, and new entities like the Loss and Damage Fund—could aim to raise...

Today, the Center for Global Development is announcing an exciting partnership with six think tanks in the Global South to produce new research on how the MDBs should reform to better support the development needs of client countries and meet today’s challenges.

As the urgency and scale of development and climate challenges become more obvious and alarming, we have seen a surge in interest in how multilateral development banks (MDBs) can help low- and middle-income countries meet these challenges. Much of that focus has been on the volume of their finance, ...

When negotiators gather at COP28, climate finance and a new goal for 2025 onwards will be high up on the agenda. Developing countries would be wise to push for a combined climate and development finance goal.

Call it a sign of the times: negotiations around the creation of a new Loss and Damage Fund for climate are breaking down, with developing nations and advanced economies at a familiar impasse. The Loss and Damage Fund—a fund meant to compensate vulnerable countries for climate impacts—is supposed to...

In fundamental ways, this era differs from the final decades of the last century. Climate change has set many parts of the world on fire and sharply raised risks from underinvestment in mitigation, adaptation and resilience (both climate and health). War on a large scale has returned to Europe, re-e...