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In 1948, Congress overwhelmingly passed what would become known as the Marshall Plan. That act appropriated $13.3 billion over 1948-51 for Europe’s recovery, equivalent to about $150 billion today. It was proposed by a former general, not an economist or a politician, a man who understood well what ...

Check out CGD experts' insights on the impact reporting of UN Sustainable Development Goals (SDGs), as referenced in the World Economic Forum. 

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 Annual Meetings of the World Bank and IMF have come to an end. It was a jam-packed array of official meetings, private roundtables, bilateral engagements, civil society forums, and many side events covering a myriad of issues with a range of stakeholders. In the end, it can be difficult to sort ...

Check out Nancy Lee and Samuel Matthews' research on multilateral development banks (MDBs), as referenced in Devex.

WASHINGTON—The Center for Global Development released its biannual Multilateral Development Bank (MDB) reform tracker today, evaluating the progress of the ambitious reform agenda across the seven largest MDBs, including the World Bank.

The MDB reform agenda is the most ambitious overhaul effort in their history—but ambitious reforms can and often do languish. This tool provides a comprehensive view of reforms across seven of the largest MDBs.

On October 1, CGD hosted a somewhat unusual discussion. The focus was not so much the "what" of reform, but rather how to effectively drive institutional reform. Our aim was to use the 2022 independent experts’ report to the G20 on MDB capital adequacy frameworks—the CAF report—as a case study of ho...