Development Finance

Some changes in leadership are more risky than others. The selection of the successor to Philippe Le Houérou, who leaves the IFC in October, is a prime example of a high-stakes decision.

The COVID-19 pandemic has become a threat to global prosperity and stability, but what is the cost of doing nothing in response?

Philippe Le Houerou, the Chief Executive of the IFC has announced his intention to step down in September. His legacy will include a significant effort to focus the work of the corporation on development impact and the world’s poorest countries. Le Houerou has had some success. But a look ...

Imagine the young George Washington said, “I cannot tell a lie. I did not cut down the cherry tree,” then added sotto voce, “’twas the hatchet that did it.” Multilateral development banks (MDBs) and development finance institutions are dissembling in the other direction when it comes to their impact...