International Financial Institutions

The Eminent Persons Group (EPG), tasked with making the system of international financial institutions fit for purpose in the 21st century, recently gave the G20 Finance Ministers a preliminary report on its work.The report is a bit long on generalities and short on specifics and, as ...

I’m disappointed by the update. But I’m also hopeful. Here are three concrete issues that the group could raise regarding the MDBs.

Demand for development finance as a key complement to traditional aid is growing, but despite the impressive strength of the US private sector, the US government’s ability to respond—to date— has fallen short. The good news: Congress got the memo.

Moving beyond low income countries makes sense for an institution focused on ending extreme poverty. But does the IFC follow through by focusing on the countries that are home to the extreme poor? Not really.