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Next week’s IMF–World Bank Spring Meetings will be one of the more unsettled in recent memory, with an escalating trade war, a shaky global outlook, shrinking aid budgets, and a US administration resetting its global posture. Read reactions from CGD's expert on what they're paying particular attenti...

It has been almost two and half years since the IMF launched the Resilience and Sustainability Facility. While the RSF saw a strong initial uptake, demand peaked in 2023 and has since tapered off. Two key features of RSF eligibility and program design are inhibiting its uptake by countries.

Since its launch in November 2022, the Pandemic Fund, housed at the World Bank, has committed $885 million in grant financing to strengthen pandemic prevention, preparedness, and response (PPR) in developing countries. In December 2024, it invited new proposals for an additional $500 million in fina...

The 80th anniversary of Bretton Woods has brought forth many proposals on how the IMF should change to respond to emerging economic and financial challenges and to a very different geopolitical context. A common theme across these proposals is that the IMF can only remain relevant, effective, and le...

MDBs need more firepower to help low- and middle-income countries weather the climate transition. Their proposal to use SDR-funded hybrid capital to increase loans has merit but is mired in conservative interpretations of its use and the inability to use mutually a class of reserves globally. Alloca...

The IMF’s Resilience and Sustainability Facility (RSF), which provides financing for climate change mitigation and adaptation, has been in operation for two years. In this piece, we review whether the RSF is achieving impactful reforms.

The International Monetary Fund and the World Bank were created to assist members facing financial crises, but are they ready to respond to Africa’s looming oil shock? The short answer is no, but as we explain in a new paper, the IMF and World Bank can act now to avert a future crisis.