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Displaying 1 - 10 of 15
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Blog Post
Message to Donors: The African Development Fund Replenishment Needs Ambition
Nancy Lee et al.
May 19, 2022
On the heels of last year’s landmark $93 billion replenishment of the World Bank’s IDA—and with the international community preoccupied with responding to Ukraine—the replenishment of the African Development Fund cannot be an afterthought.
CGD NOTES
Replenishing Africa’s Development Fund: A Time for Ambition
Nancy Lee et al.
May 19, 2022
The stakes are high for the African Development Fund (AfDF) as it kicks off its replenishment fundraising exercise this spring. Countries in sub-Saharan Africa (SSA) are still grappling with the health and economic fallout of the COVID-19 crisis, with over 30 million of their citizens pushed into po...
CGD NOTES
Multilateral Development Banks’ Crisis Response: What Instruments Do MDBs Offer and How Fast Do They Act?
Rakan Aboneaaj et al.
March 14, 2022
In the face of sudden economic shocks and natural disasters that limit the ability of economies to rapidly raise revenue, MDBs have the potential to play a leading role in crisis response to minimize the damage. One key factor in their success in this role is the speed of their financing instruments...
Blog Post
At the ADB and the World Bank, which Instruments Are Fastest in a Crisis?
Rakan Aboneaaj et al.
March 14, 2022
When sudden shocks like the COVID-19 pandemic cripple an economy’s ability to rapidly raise revenue and reallocate limited resources, multilateral development banks (MDBs) can lead the crisis response. MDBs provide a range of instruments that support countries in different ways and at different peri...
Blog Post
International Financial Institutions Must Help the Ukrainian People
Nancy Lee et al.
February 28, 2022
As we watch with horror and outrage the human toll of Russia’s invasion, we must also anticipate the financial and economic toll and think about what role the international financial institutions (IFIs) can play in alleviating it.
Blog Post
Ghana Rages Against the Rating Agencies: G20, Take Notice
Clemence Landers
and
Rakan Aboneaaj
February 17, 2022
While Fitch had lowered Ghana’s rating in January, S&P opted to maintain its B-rating with a stable outlook pointing to Ghana’s solid growth prospects over the coming years. These divergent actions—and strong market reactions—are a reminder of the tremendous weight that investors put into assess...
CGD NOTES
MDB COVID-19 Crisis Response: Where Did the Money Go?
Nancy Lee
and
Rakan Aboneaaj
November 30, 2021
The pandemic and its economic impact have been a revealing test of the multilateral development bank (MDB) system and of individual MDBs. Although lending by the MDBs as a group rose significantly in 2020 (39 percent), this is much less than the rise in MDB lending in response to the Global Financia...
Blog Post
Giving up the “Statebuilding” Ghost: Lessons from Afghanistan for Foreign Assistance in Fragile States
Clemence Landers
and
Rakan Aboneaaj
September 16, 2021
The end of America’s twenty-year war in Afghanistan will change many paradigms that have dominated US foreign policy for decades. President Biden’s recent assertion that military interventions are not the solution to humanitarian crises is a good place to start.  Just as urgent is the need to r...
Blog Post
Half a Trillion in Dry Powder? The Time for MDB Financial Reform Is Now
Clemence Landers
and
Rakan Aboneaaj
September 01, 2021
To help developing countries meet their financing needs, the multilateral development bank (MDB) system needs to get much bigger. Key to a bigger MDB system is a more financially efficient one.
Blog Post
How Well Has ADB Responded to Government Needs during the COVID-19 Crisis?
Azusa Sato et al.
August 25, 2021
Among the multilateral development banks, the Asian Development Bank (ADB) stands out for its strong financial support for COVID-19 response relative to its overall lending volume. While ADB has proven to be responsive to government’s general financing needs during the crisis, has ADB’s performance ...

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