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US Treasury to Appropriations: World Bank, IFC Accountability Must Be Strengthened

Last week, the US Treasury Department submitted a report to the appropriations committees of the House and Senate on strengthening the accountability mechanisms of the World Bank and International Finance Corporation, fulfilling a requirement included in the spending package signed into law earlier this year. The report acknowledges recent increases in caseloads and recommends that both the Inspection Panel and the IFC’s Compliance Advisor Ombudsman (CAO) be allocated larger budgets to carry out their responsibilities.

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How Will Donors Spend $170 Billion This Year and Next?

In 2019-20, donors will commit roughly $170 billion of public funding to an alphabet soup of international aid organisations, many of which their citizens may never have heard of. Each replenishment will be considered as a separate exercise, ignoring the reality that they are competing for limited donor resources.

Rohingya women refugees at Cox’s Bazar, Bangladesh

Note to G7: Now Is the Time to Support Rohingyas and Their Hosts

Bangladesh is hosting nearly one million Rohingya refugees—mostly crowded into in one of the country’s less-developed areas, Cox’s Bazar. A minority population in Myanmar, stripped of citizenship in the 1980s, the Rohingya have been denied access to education, meaningful livelihoods, and other basic rights for years. Now as refugees in Bangladesh, Rohingya need protection and support to secure health services, safety, food, education, and other opportunities.

The Paris Club: Will the United States Be Asked to Leave?

International actors have criticized decisions by the Trump administration to reject the Paris Climate Accord, abandon the Trans Pacific Partnership, and withdraw from a United Nations declaration intended to protect the rights of migrants. However, there is one international body, the Paris Club, whose members may be rooting for the United States to leave. That’s because, in the absence of congressional action, continued US membership in the Paris Club could impair the economic prospects of some of the poorest countries in the world.

The Importance of Domestic Resource Mobilization for Debt Sustainability

Even for countries that are far away from graduating from foreign aid, the importance of domestic resource mobilization for maintaining macroeconomic stability and sustained economic growth is well documented. A look at the experience of countries that have received HIPC debt relief validates this point and underlines the need for attaching a high priority to tax policies and practices in international assistance programs for low income countries.

The World Bank’s Preference for Private Finance: Explained

Last year the World Bank adopted a new “cascade” approach that intended to maximise finance for development by prioritising private solutions wherever possible. In what world would this “cascade” algorithm make sense? Without a good answer to that question, the cascade risks looking like ideology rather than sound development finance advice.

John Bolton Wants to Shut Down the World Bank

To say that John Bolton, President Trump’s latest pick for National Security advisor is a well-known UN critic would be an understatement. But it’s well worth noting that he has opinions about the IMF and the multilateral development banks too.

Practicing What We Preach: 5 Ideas to Promote Gender Equality within and among Development Organizations

Earlier this week, CGD convened a candid conversation on gender equality in the workplace, encouraged development organizations to look inward and consider changes in our own practices, and highlighted persistent gender gaps in the sector. It was just a first step in what will be a longer journey for CGD and all development organizations to prioritize and realize the promises of equality and diversity.

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