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Blog Post
March 26, 2024
There was a very disappointing development at the IMF Executive Board earlier this month—the postponement of a formal decision on whether special drawing rights (SDRs) could be recycled to the hybrid capital scheme proposed by two multilateral development banks (MDBs), the African Development Bank (...
Blog Post
March 25, 2024
A new institutional strategy for the years 2024–2030 was just approved by the Board of Governors at the annual meeting of the Inter-American Development Bank (IDB). This comes one year after Ilan Goldfajn assumed the presidency of the organization with a commitment to establish clear priorities and ...
Blog Post
March 18, 2024
In the field of development finance, the challenge of marshalling private investment in support of development goals is among the most vexing, and one that World Bank President Ajay Banga—a former Mastercard executive—has touted as a top priority. Early in his tenure, Banga convened a group of CEOs ...
Blog Post
March 12, 2024
When it comes to disaster- and climate-related displacement, the Asia-Pacific is ground zero. More than three-quarters of internal disaster displacements occur in the region, with over 225 million displacements between 2010 and 2021. This is set to increase. The number of internally displaced people...
Blog Post
March 11, 2024
The African Development Bank has been a prime mover in advancing a new form of capital for the multilateral development banks, called hybrid capital. If there is another item on the MDB reform agenda that is more of a win-win proposition than hybrid capital, we are not aware of it.
POLICY PAPERS
March 06, 2024
The majority of refugees worldwide live in urban areas. It is often assumed that these urban-based refugees are self-reliant and no longer require external support, but the experience of 136,887 refugees who live in Kampala, Uganda and the 96,348 refugees who live in Nairobi, Kenya challenges that a...
Blog Post
March 05, 2024
Brazil kicked off the Finance Track of its term as G20 president on February 28-29 with a clarion call for progressive international economic action. Despite some of the familiar G20 dysfunction, the Brazilian G20 gives me a shred of hope. The Brazilians put forward some big ideas.
Blog Post
February 21, 2024
So: how do donor governments actually use their subsidies to the private sector to support mitigation and development projects around the world? The process usually starts with a private company (the project sponsor) asking a development finance institution (DFI) like the World Bank Group’s Internat...