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Blog Post
April 27, 2023
The IMF should be applauded for implementing the Resilience and Sustainability Facility (RSF). That said, it is highly improbable that extending RSF financing to an additional 44 countries will be feasible in the next one or two years as it would require a major change in the mindset of borrowing co...
Blog Post
April 21, 2023
At the Spring Meetings of the World Bank, a range of shareholders repeated their call for multilateral development banks (MDBs) to do more, particularly with regard to climate finance. At the same time, client countries are demanding these institutions preserve their core mandate to support developm...
Blog Post
April 14, 2023
The dialogue around World Bank reform proposals has been dominated by Northern voices. But in the last week, representatives of World Bank Group client countries both based in the city and visiting for the World Bank-IMF Spring Meetings have helped to rebalance the discussion.
Blog Post
April 10, 2023
On the face of it, the case for a general capital increase for the World Bank should be obvious and urgent in our age of the polycrisis. It is a very efficient way to support an increase in development and climate lending by an order of magnitude. A $20 billion paid-in capital increase would support...
Blog Post
April 03, 2023
The world has changed since the creation of the International Monetary Fund and the World Bank—the world’s first international financial institutions—over 75 years ago. The shared challenges facing humanity have only grown more pressing and existential. From pandemics to climate change to financial ...
Apr
13
2023
11:00—12:00 PM ET / 4:00-5:00 PM BST / In-person and online
March 22, 2023
In this conversation in the margins of the World Bank and IMF Spring Meetings, CGD President Masood Ahmed, Mikaela Gavas, CGD Europe Managing Director and Senior Policy Fellow, EIB President Werner Hoyer, and EIB Global’s head of lending for Africa, Caribbean, Pacific, Asia and Latin America, Maria ...
Apr
6
2023
9:00—10:15 AM ET / 2:00-3:15 PM BST
March 17, 2023
The 2021 Inclusive Framework agreement is the greatest international tax reform in 100 years, but much of it remains to be implemented. While representing a major advance, further reforms are needed both to finalize incomplete aspects of the agreement and to raise more domestic revenues in developin...
Mar
28
2023
10:00—11:30 AM ET , 3:00-4:30 PM BST
March 14, 2023
The 2021 allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF) provided a vital lifeline for the global economy during the COVID-19 pandemic. As the world moves towards a post-pandemic future, SDRs could play a vital role in shaping the global economic recovery. Howeve...
Blog Post
March 14, 2023
On Wednesday March 8, the Center for Global Development hosted an event with Andrew Mitchell, Minister of State for Development and Africa of the United Kingdom, as part of our series of conversations and work on the future of development. The Minister spoke about the role the UK is playing today, t...
CGD NOTES
March 08, 2023
Evidence suggests that women who use financial services have increased opportunities to earn income and exercise agency by accessing jobs, starting businesses, and gaining intra-household bargaining power. While financial inclusion experts and agents have begun to apply women’s economic empowerment ...