This paper explores how and whether responses to COVID-19, particularly from non-DAC actors, have deepened the transition from an “international” to a “global” development paradigm, and it considers implications for the future of development cooperation.

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...

This briefing highlights challenges associated with the current European development finance ecosystem and presents options for reform.

Mikaela Gavas, Co-Director of Development Cooperation in Europe and Senior Policy Fellow was invited to share her expertise with the Development Committee of the European Parliament on the European Financial Architecture for Development (EFAD).

There is no shortage of investable capital in the global economy. However, while the opportunities exist for investment and while funds are available, few projects actually reach financial close. The basic premise of this note is that although technical assistance (TA) for project preparation, manag...

As the EU prepares to significantly scale up its deployment of blended finance, guarantees, and other risk-sharing tools aimed at stimulating investment in developing countries, and, in the face of spiralling needs as a result of COVID-19, this paper analyses how the EU could use its development bud...

As the Biden administration turns its attention to infrastructure legislation in the United States, it is important to focus on the role investment in infrastructure financing can play in the recovery. This note covers a policy proposal for a credit enhancement instrument, using concessional financi...