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This week, I’ve been reflecting on the unexpected similarities between the Tory party and the Pakistani cricket team. For those of you keeping track, the Tories are about to elect their 3,218,573th leader since 2015. On Tuesday evening it appeared that the choice would be between James Cleverly (one...

Analysis of World Bank education projects from 2000 onwards reveals trends in climate finance allocation to education projects.

In the lush mountains of Simandou in southeast Guinea sit some of the world’s richest untapped reserves of iron ore. After decades of negotiations, a convention signed in April this year opened the door to mining the deposits. The mega project will test the government’s ability to be innovative, agi...

The IMF’s Resilience and Sustainability Facility (RSF), which provides financing for climate change mitigation and adaptation, has been in operation for two years. In this piece, we review whether the RSF is achieving impactful reforms.

Just how bad is the debt crisis in developing countries? We know that it’s bad—most African countries are currently spending more on repayments than on health or education. But we don’t know exactly how bad because some lending is never actually made public. There may be as much as $1 trillion in “h...

We have rolled around once again to the time of year when climate negotiators stare hungrily at the balance sheets of banks and institutional investors and demand trillions in investment at the COP, while international financial institutions promise to help mobilize that investment at the IMF/World ...

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...

Priority-setting in health is a critical function of all health systems, enabling countries to focus their spending on services that have the biggest impact on their citizens’ health. This works—for every dollar spent on priority-setting, countries get nine dollars of better health system impact. Ho...