At the Annual meetings of the World Bank and IMF last year, shareholders asked the World Bank to come up with a set of proposals to evolve a larger role in climate and other global public goods. The Bank’s first response came pretty quick: by mid December, only a couple of months after the request, ...

At COP27 last November, the parties agreed to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters. Governments also agreed to establish a “transitional committee” to make recommendations on how to operationalize both the new funding arrangements and the fund at C...

Ahead of the holiday break, US lawmakers reached agreement on a final FY2023 spending deal. After months of stalled negotiations, an omnibus appropriations package was far from guaranteed. But concerns about the consequences of a long-term continuing resolution—and the prospect of adding a major tas...

The past year was tumultuous for SDRs, but we’ve now managed to decipher the annual report and extract the must-knows to help you have a more enjoyable experience when you read it! The report covers the first year after the historic allocation of SDR 456 billion ($650 billion) in August 2021 and pro...

Late last year, the World Bank Group issued a roadmap on its potential evolution in response to shareholder pressure at this year’s Bank-Fund annual meetings. The roadmap document has been widely shared with member governments. As reported by Reuters and Devex on the basis of leaked copies, it propo...