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...

The COVID pandemic has had differential effects by gender, with women experiencing higher job and income loss, increased rates of domestic violence, and mounting care burdens. We examine the extent to which MDB COVID response projects incorporated gender elements and highlight the gaps in those effo...

The productivity drought and the unending search for GDP growth by high- and middle-income countries has drawn attention to the flagging vigor of large incumbent corporations and the need to groom a crop of "unicorns"—highly valued, entrepreneurial, superstar firms can potentially dial up competitio...

This paper finds that shareholders of highly leveraged firms benefit relatively less compared to bondholders from the corporate quantitative easing (QE) announcements by the European Central Bank and the Bank of England in March 2020, as evidence of debt overhang. Firms more heavily impacted by the ...

To support the 2030 Agenda, MDBs and DFIs have been asked to mobilize more private capital alongside their own investments in private firms. Mobilization volumes to date remain small, but progress has been made in developing new models that can attract different types of private investors at greate...

This paper examines the link between ministerial continuity in borrower governments and the performance of World Bank education projects implemented between 2000 and 2017 in 114 countries. I use a combination of quantitative and qualitative methods to trace the link between number of ministers durin...