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CGD maintains an active program of research and analysis of the World Bank, the world’s largest development institution and a leading source of funds, ideas, and expertise for development. The Center’s work in this area offers new ideas and practical suggestions for making the World Bank more effective, accountable, and legitimate in a rapidly changing global economy. Recent work includes the High Level Panel on Future of Multilateral Development Banking: Exploring a New Policy Agenda, building on past work on the future of the World Bank. That work focused on priorities for incoming World Bank presidents, improvements to the leadership selection process, and work on the future of IDA, the Bank’s concessional lending arm.
Ghana’s rapid economic growth and the recent GDP rebasing exercise put Ghana suddenly above the income limit for IDA eligibility. This paper considers the implications of the country’s new middle-income status.
This paper seeks to determine the degree to which a gender lens has been incorporated into World Bank projects and the success of individual projects according to gender equality-related indicators. We first examine the World Bank’s internal scoring of projects based on whether they encompass gender analysis, action, and monitoring and evaluation (M&E) components, as well as project development objective indicators and outcomes according to these indicators.
The World Bank should declare the IDA-17 replenishment its last and move to replace it with a broader bank resource review. Sticking with the status quo risks an underfunded institution and one that is increasingly isolated from its shareholders (yes, that would be a bad thing).
Historically the World Bank’s President was nominated by the USA and that person was then approved by the World Bank’s Board (and in a reciprocal agreement Europe nominated the head of the IMF). Now, discussions have begun “over how and whether to reappoint” Jim Yong Kim, when his first term ends next June. I agree with the World Bank Staff Association that we need to be able to have confidence in this process.
This paper examines courses of action that could help the bank could adapt to shifting development priorities. It investigates how country eligibility standards might evolve and how the bank might start to break away from its traditional “loans to countries” model.
Climate negotiations have focused on reaching a top-down international agreement and on mobilizing a pool of financial resources. This brief explains the urgent need for a new entity to provide nonfinancial services to faciliate and augment climate action that any nations and private actors take. It explores one possible path for filling the gap: the creation of a new arm of the World Bank.