The global narrative on development finance centers on enabling all countries to achieve the Sustainable Development Goals (SDGs) by 2030. This cascades into a set of questions about how much financing is needed, how it should be mobilized, and how it will be used. While the SDGs motivate action and have a reasonable prospect of being met in middle-income developing countries, achieving the SDGs in low-income countries (LICs), which have further to travel and more binding resource and institutional constraints, will be harder. The challenge will be most acute in Africa, where pockets of absolute poverty are increasingly concentrated and environmental degradation and conflict add to state fragility.
CGD Policy Blogs
Spring has finally sprung in Washington, DC! And that also means a series of substantive discussions on today's most pressing global development issues—from private sector financing in Africa to the future of the World Bank—are springing up at the Center for Global Development. Join us next week in person or online for these important conversations that will happen alongside the World Bank and IMF Spring Meetings.
From supporting African development to partnering with middle-income countries and development finance, here are seven priorities that will define Malpass's presidency.
Economist Stephany Griffith-Jones on the role development banks can play in innovation, how they should interact with private actors and governments, and what new institutions can learn from their predecessors.
When the finance ministers of the G20 countries set up an Eminent Persons Group 18 months ago, many observers were both hopeful and skeptical about the likely outcome. Now that the EPG’s report is out, what’s the verdict on how transformative its efforts will be?
Ongoing advances in AI, automation, and information and communications technologies (ICTs) may be fundamentally changing traditional paths to development. Academics, policymakers, and researchers in high-income countries have issued numerous reports and recommendations on the implications for jobs, education, and economic opportunities. But far less has been done to assess the effects on the developing world and global comparative advantage.
Although the new government has yet to take office, Imran Khan, who as of Monday has won the most seats in parliament, is expected to realize his long-term aim of becoming prime minister. Having run on a platform of ending corruption and promoting human development, expectations are high especially amongst his younger urban supporters. However, he takes over at a time when Pakistan faces a serious economic challenge and its relations with key global players are under strain.
The Center for Global Development is pleased to announce the launch of its new website! The modernized site brings you more of the same great research and analysis, with a renewed focus on how CGD’s research relates to current events and global development debates—and with a sleek updated design of course.
CGD and Brookings recently co-hosted Former Finance Minister of Nigeria and Distinguished Fellow Ngozi Okonjo-Iweala to discuss her new book, Fighting Corruption is Dangerous: The Story Behind the Headlines. The book is part memoir, part how-to, as she draws on her years of experience as Nigeria’s Finance Minister to describe the dangers of fighting corruption and how best to do it. I drew four main takeaways from our conversation.
When the world’s finance ministers and central bank governors assemble in Washington later this month. they would do well to focus on another looming debt crisis that could hit some of the poorest countries in the world, many of whom are also struggling with problems of conflict and fragility and none of which has the institutional capacity to cope with a major debt crisis without lasting damage to their already-challenged development prospects.