With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
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.
Simon Maxwell, Director of the Overseas Development Institute, will discuss how Europeans and Americans view their own and each others’ strategies on development, suggesting possibilities for creating stronger connections. Todd Moss of the Center will serve as disscustant to Mr. Maxwell's remarks.
Michael Kremer of Harvard and Brookings presented "The Illusion of Sustainability" (joint with Ted Miguel of Berkeley). Jishnu Das of the World Bank and Scott Barrett of Johns Hopkins SAIS were discussants.
This report was prepared by a Working Group convened by the Center for Global Development to identify key priorities the Paul Wolfowitz at the start of his tenure at the World Bank on June 1, 2005. It argues that Wolfowitz's biggest challenge will not be managing the Bank, with its 10,000 staff, but leading its shareholders, the nations of the world. The report offers five bold but practical recommendations for restoring the legitimacy and increasing the effectiveness of the world's largest development institution.
Over the last several years, the United States and other major donor countries have supported a historic initiative to write down the official debts of a group of heavily indebted poor countries, or HIPCs. Donor countries had two primary goals in supporting debt relief: to reduce countries' debt burdens to levels that would allow them to achieve sustainable growth; and to promote a new way of assisting poor countries focused on home-grown poverty alleviation and human development. While the current "enhanced HIPC" program of debt relief is more ambitious than any previous initiative, it will fall short of meeting these goals. We propose expanding the HIPC program to include all low-income countries and increasing the resources dedicated to debt relief. Because debt relief will still only be a first step, we also recommend reforms of the current "aid architecture" that will make debt more predictably sustainable, make aid more efficient, and help recipient countries graduate from aid dependence.