Tag: World Bank

 

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On April 11, the World Bank's International Development Association broke new ground by establishing a private sector window (PSW) with $2.5 billion in resources. For the first time, IDA will use public funds to catalyze private investments in poor countries, in addition to concessional lending to their governments.

Why and How Change is Coming to the World Bank – Podcast with New CEO Kristalina Georgieva

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Just ahead of the annual World Bank/IMF spring meetings, the Bank’s new CEO, Kristalina Georgieva, spoke with me about a new way of thinking at the 72-year-old institution. The Bank has renewed ambition, she told me, to be a catalyst for massive transformative investment in development. She went on to lay out how the Bank plans to do that in this edition of the CGD Podcast.

What’s Happening at CGD during Spring Meetings Week?

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Adesina, Birdsall, Brown, Georgieva, Gillard, Miliband, Ngozi, Subramanian—these are some of the development heavyweights speaking at CGD at a series of events in the run up to the World Bank/IMF Spring Meetings. We hope you will join us—either in person or online—for timely conversations on some of the most pressing development challenges—and their potential solutions.

Congress Looks at World Bank, Asks How It Can Do Better

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With big cuts to US bilateral and multilateral assistance looming, the House Committee on Financial Services convened a hearing to investigate accountability and results at the World Bank. Scott Morris, CGD’s director of the US Development Policy initiative (DPI), was joined by the International Consortium of Investigative Journalists’ Sasha Chavkin, CalTech’s Jean Ensminger, and BIC’s Elana Berger. It was a thoughtful conversation, with everyone on the panel agreeing that it is in the United States’ interest to continue engagement with the World Bank. Here are my main takeaways from the hearing.

Publications

Scott Morris testified before the House Financial Services Subcommittee on Monetary Policy and Trade at a hearing titled, “Examining Results and Accountability at the World Bank” on March 22, 2017. Morris’s testimony offered recommendations for Congress in effective oversight and influence at the World Bank, as well as discussing what US contributions to the institution deliver for US taxpayers.

Finding Up-to-Date Median Income Data Just Got Much Easier (Thanks, PovcalNet!)

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We have long advocated for more widespread use of median income or median consumption to compare individuals’ material well-being between countries and its development over time, and we are happy to report that the World Bank team that manages the (impressive) PovcalNet database has come through: as of October 1, the median monthly per capita income or consumption for each country is now part of the standard indicators displayed for any country query on PovcalNet.

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