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Following the termination of thousands of USAID contracts and the overnight effort to shut down the agency itself, we have taken a closer look at the stakes for multilateral development banks (MDBs) and major vertical funds related to health, food, and climate that are recipients of US funding. In ...

Global inequality is increasing, posing risks to economic stability, social cohesion, and long-term growth. While the rapid development of emerging markets has narrowed income gaps between countries, disparities within nations continue to widen. The COVID-19 pandemic exacerbated these inequalities, ...

Judgment day is approaching for sustainable development finance. It is now ten years after the agreement on the Sustainable Development Goals (SDGs) and the launch of the Addis Ababa Action Agenda, where leaders set out the vision of using billions of dollars in public finance to catalyze trillions ...

This month, Bloomberg reported discussions within the Trump administration for revamping the US International Development Finance Corporation (DFC) as a sovereign wealth fund. As celebrants of DFC’s creation and close watchers of the agency, we have thoughts.

Official Development Assistance (ODA) is facing mounting pressure as global challenges such as climate change, pandemics, and humanitarian crises demand increasing resources while development budgets are shrinking. With less than five years remaining to achieve the UN sustainable development goals, ...

What will the incoming Trump administration mean for US funding to multilateral development initiatives? We drill down on US funding for a subset of the major multilateral development, health, and climate funds, to see how funding levels enacted by Congress compared to presidential budget requests a...

The nature of South-South cooperation has evolved significantly over recent decades, from bilateral engagements to triangular cooperation mechanisms into a new phase: true participation in the multilateral system. The emergence of Southern-led multilateral development banks (MDBs) such as the Asian ...

Our research revealed that the rise of Southern MDBs has redefined the development finance aspirations of the Global South. Southern MDBs are thought to be more attuned to the interests of recipient countries. These banks are perceived as innovators—introducing new financial instruments, channelling...