In this blog, we use our new measure–Finance for International Development–to look at the G20’s finance for development and consider which countries can step up their financial contribution, both during COVID-19 and beyond.
In a new working paper, we aim to address this gap with a new measure of cross-border, concessional finance—Finance for International Development (FID). FID is designed to be a measure which is more consistent across all development actors—going beyond just OECD members.
As part of the negotiations between the IFC and the US government over a (now agreed) capital increase for the IFC, World Bank Group president David Malpass issued a letter to US Treasury Secretary Steve Mnuchin promising changes in the way IFC does business.
Overall public debt in IDA countries has risen rapidly since before the global financial crisis; and while debt to private creditors (mostly in the form of bonds or bank loans) has increased, the biggest increases have come from multilateral and official bilateral credits.
