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Research
Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
TESTIMONY
Remarks to the European Parliament on EFSD/ EFSD+
September 24, 2025
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Research
POLICY PAPER
October 09, 2025
This paper begins by looking at private investment and bank credit to the private sector as a share of GDP in EMDEs in this century. It finds worrisome levels and trends, especially compared to private investment ratios for economies that achieved sustained high growth in the last century. As exogen...
POLICY PAPER
April 10, 2025
Global underinvestment in climate adaptation increases the importance of ensuring that such finance is well targeted and well spent. Multilateral development banks (MDBs) are the largest public source of adaptation finance for developing countries, and the World Bank accounts for about half of the M...
POLICY PAPER
June 20, 2023
If we could reinvent MDBs to respond to urgent development and climate needs and to benefit from 70 years of experience with the model, what would they look like? Countries should chart their own low-carbon climate resilient development and growth paths, with robust analytical support from MDBs that...
POLICY PAPER
March 14, 2023
The climate financial intermediary funds (FIFs) are one of the largest sources of grant and concessional finance for climate, especially for middle-income countries, but there are significant challenges at the systemic level and differing performance across FIFs. We recommend consolidating funds in ...
CGD NOTE
March 01, 2023
The World Bank is in the most visible position as it works on its evolution roadmap. But change is needed across the MDB system to enable these institutions to play a more effective and a much bigger role in helping the world meet these challenges. Together they hold about $500 billion in shareholde...