MDB and IMF Reform at the Spring Meetings

April 2023

With this year's Spring Meetings in progress, all eyes are on the World Bank and the push for reform. Major shareholders have put forward plans to have the  World Bank take a more central role in the fight against climate change, but they'll need to navigate concerns about spreading the institution's focus and firepower too thin. As many developing countries face looming debt problems, the IMF has a key role to play in helping them respond.

This series of blog posts from experts across the Center for Global Development puts forward tangible policy “wins” for the World Bank or other IFIs that could emerge from the Spring Meetings.

More from the Series

Blog Post
Avoiding the Looming Disillusionment about IMF Climate Finance
Daouda Sembene
April 12, 2023
The new IMF climate finance mechanism faces multiple implementation challenges. It will take urgent actions from the institution and its major shareholders to avoid disillusionment among policymakers in climate-vulnerable developing countries.
Image of international monetary fund
Blog Post
What Does World Bank Success Look Like?
Nancy Lee
April 10, 2023
On the face of it, the case for a general capital increase for the World Bank should be obvious and urgent in our age of the polycrisis. It is a very efficient way to support an increase in development and climate lending by an order of magnitude. A $20 billion paid-in capital increase would support...
World_Bank
Blog Post
The Future of IDA: How Does Gender Equality Factor In?
Megan O'Donnell
April 10, 2023
Among IDA’s key substantive priorities is gender and development—which sits alongside human capital; fragility, conflict, and violence; jobs and economic transformation; and climate change as an overarching special theme. But despite IDA’s inclusion of gender equality as a theme beginning in 2016, i...
Image of diverse men and women
Blog Post
For the World Bank to Address Global Challenges, It Needs to Address Trade-Offs Head On
Ranil Dissanayake
April 07, 2023
World Bank reform will involve tackling a set of institutional challenges, from mobilizing more financing to taking on more risk. But it will also need to reckon with the more fundamental trade-offs between providing public goods and addressing poverty.
Stock photo of a scale, suggesting the need to balance two things