International Financial Institutions

The African Development Bank almost wasn’t. Twenty years ago, the Bank lost its crucial AAA credit rating and its future was very much in doubt. Yet now it is held up as one of the largest sources of infrastructure finance for the region, a multilateral financing institution owned by 53 Africa...

When President Takehiko Nakao of the Asian Development Bank (ADB) visited CGD earlier last year, he described management’s groundbreaking proposal for a major restructuring of the bank’s financial model that we view as both sensible and creative.

The EBRD has a charter mandate to work in countries “committed to and applying the principles of multiparty democracy, pluralism, and market economics.” And what could be more compelling than Ukraine today?