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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 ...

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...

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...

Across 2024 and 2025, almost a dozen major multilateral funds are going to donors for additional funding in what we dubbed a “traffic jam” of replenishments. As 2024 draws to a close, three replenishments have concluded (sort of—read on for more). IDA is the largest and the standout: the World Bank’...

Many low-income countries (LICs), particularly in sub-Saharan Africa, face the challenge of repaying loans in foreign currencies. With most of their debt in dollars or euros, these nations are in a difficult position: when their currency weakens, their debt burden goes up. This phenomenon—relying on...

Last week, the World Bank released a draft of the IDA21 replenishment report for comment by external stakeholders. Six of CGD's senior researchers dissected the draft report and the most recent iteration of the policy package on the issues we follow most closely. Here are our reactions.

The World Bank’s Independent Evaluation Group has just issued a report on the Bank’s mechanisms for supporting procurement. This blog focuses on the findings and the evidence-based recommendations that can both increase development impact and help foster demand for services through greater ease of d...