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Blog Post
September 21, 2023
The likelihood of capital increase for the World Bank’s non-concessional lending arm, the IBRD, appears to be climbing. At least an odd European government appears to be doing some preparatory work for it. But any negotiations around a capital increase may be complex. Large shareholders and borrowe...
Blog Post
January 24, 2023
For all of the horrors that have punctuated the last two hundred years of human history, we have seen some awesomely unprecedented progress in global quality of life. The world has many more people, living much longer and healthier, in massively improved material circumstances than it did two hundre...
WORKING PAPERS
October 27, 2022
There is considerable interest in increasing private participation in infrastructure to meet the twin goals of climate mitigation and development in low- and middle-income countries. At the same time, this infrastructure needs to make returns in order to be financially sustainable.
Blog Post
October 27, 2022
The kind of investment sustainability that’s getting the most love at the moment is environmental sustainability: we want our buildings, machines, and infrastructure to be low carbon (as we should). But financial sustainability still matters, too: if they are to be a success, solar power plants and ...
Blog Post
October 05, 2022
It is surely an urgent moment for multilateral support from the IMF and World Bank. And yet, the institutions’ financial statements suggest that support is declining. Figuring out why and what to do about it should be priority one at the upcoming World Bank-IMF annual meetings.
Blog Post
June 30, 2021
If B3W is to be the better Belt and Road, it will have to embrace the role of government in infrastructure provision and ensure private sector infrastructure projects are designed and run in the public interest. Otherwise, and despite the denials-, low- and middle-income countries would be right to ...
Blog Post
June 04, 2021
The benefits to expanded vaccination programs in low- and middle-income countries (LMICs) simply dwarf the cost. Rich countries should be donating more vaccines faster to poorer countries. It is difficult to think of a more urgent global priority and it is surely a best buy in international developm...