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Research

Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
POLICY PAPERS
The Future of UK Global Health Policy: Challenges and Opportunities
Peter Baker
and
Lydia Regan
November 30, 2023
WORKING PAPERS
Women's Underrepresentation in IFI Leadership
Eeshani Kandpal et al.
November 27, 2023
TESTIMONY
EU-Africa Strategy: State of Play
Mikaela Gavas
November 24, 2023
CGD NOTES
Australia-Tuvalu Climate and Migration Agreement Takeaways and Next Steps
Sam Huckstep
and
Helen Dempster
December 04, 2023

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Research
Displaying 1 - 7 of 48
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POLICY PAPERS
Reimagining the US Sovereign Loan Guarantee Program: A Cost-Effective Strategy for Supporting Developing Country Partners
Scott Morris et al.
June 20, 2023
Given the urgent financial needs of developing country governments, it's time to reimagine the US Sovereign Loan Guarantee (SLG) program as a means to mitigate debt vulnerabilities and support governments in dire fiscal straits.
POLICY PAPERS
What Counts as Climate? Preliminary Evidence from the World Bank’s Climate Portfolio
Guido Núñez-Mujica et al.
June 14, 2023
We examine the World Bank’s climate portfolio at the project level for the period 2000-2022 and find that financing is skewed towards mitigation projects. These projects lack estimates of greenhouse gas emissions reductions, and there is no standardized reporting on GHG estimates across the portfoli...
CGD NOTES
Development Finance Cooperation amidst Great Power Competition: What Role for the World Bank?
Scott Morris
May 15, 2023
The ability of the World Bank to strike an appropriate balance between country demands and global goods depends on the institution’s shareholders. Yet, the deterioration in the bilateral relationship between the United States and China now threatens to undermine effective governance at the instituti...
CGD NOTES
Our Wish List for the World Bank’s Evolution Roadmap
Nancy Lee et al.
November 07, 2022
The assignment is clear. During this year’s Annual Meetings of the IMF and World Bank, shareholders instructed the World Bank to develop a work program for its own evolution (“to identify gaps in the Bank’s current institutional and operational framework…”) by the end of the year. Secretary Yellen l...
CGD NOTES
Multilateral Development Banks’ Crisis Response: What Instruments Do MDBs Offer and How Fast Do They Act?
Rakan Aboneaaj et al.
March 14, 2022
In the face of sudden economic shocks and natural disasters that limit the ability of economies to rapidly raise revenue, MDBs have the potential to play a leading role in crisis response to minimize the damage. One key factor in their success in this role is the speed of their financing instruments...
POLICY PAPERS
Greening the US Sovereign Bond Guarantee Program: A Proposal to Boost Climate-Directed Sovereign Finance in Developing Countries
Scott Morris et al.
February 07, 2022
Sovereign bond guarantees (SBGs) are an effective but underutilized instrument available to the US government in support of developing country partners. By protecting bond purchasers in the event of a foreign issuer country’s default, SBGs substantially reduce borrowing costs for developing country ...
BRIEFS
Mapping China’s Participation in Multilateral Development Institutions and Funds
Scott Morris et al.
November 18, 2021
China has emerged as a leading participant in multilateral development organizations. In many ways, this is a welcome development. Today’s global challenges, including COVID-19 and climate change, require an international response and have prompted renewed calls for increased multilateral engagement...

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