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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.
It is sometimes claimed that big surges in aid might cause Dutch Disease--an appreciation of the real exchange rate which can slow the growth of a country's exports--and that aid increases might thereby harm a country's long-term growth prospects. In this new working paper CGD senior program associate Owen Barder argues that it is unlikely that a long-term, sustained and predictable increase in aid would, through the impact on the real exchange rate, do more harm than good. Learn more