Multilateral Development Banks

The very first Global Goal on the new UN development agenda, formally adopted earlier this month, is to “end poverty in all its forms everywhere.” On this week’s CGD podcast, economist Montek Singh Ahluwalia, who also serves as Co-Chair of CGD’s new High Level Panel on the Fu...

At a time of resurgence for multilateral development banks (MDBs), something that few might have predicted just five years ago, the Center for Global Development will convene a high level panel to consider the future of multilateral development banking.

My earlier post on congressional funding for multilateral institutions betrayed little optimism about the Senate’s willingness to restore devastating funding cuts imposed by the House of Representatives. I had no idea. The newly released Senate funding levels are just bare...

The US failure to approve governance reforms at the IMF is what led China to create the Asian Infrastructure Investment Bank. Ben Bernanke is the latest prominent voice to employ this narrative.