A CGD blog. International finance is under considerable pressure: originally prioritized toward economic growth in poorer countries, it is now meant to deliver broad-based sustainable development including global public goods such as climate and pandemic response-to say nothing of refugee hosting costs. In a fu…

A CGD blog. Our new paper forecasts global structural transformation over the next thirty years. It shouldn’t come as a great surprise that it suggests the planetary shift toward services employment and out of both agriculture and manufacturing will continue. But it does suggest something many find might novel …

A CGD blog. World Bank president Ajay Banga’s declared strategy is to lead with a better bank before pushing for a bigger bank. I hope it works. His shoutout to the dribs of finance offered by Germany and the US toward guarantees and hybrid capital in his Annual Meetings speech today only served to emphasize…

A CGD blog. As the World Bank and IMF meetings wrap up in Morocco, hopes for an imminent revolution in multilateral finance look forlorn. A dollar of capital can support five dollars of lending at the IBRD and the costs of subsidized finance for the poorest countries through IDA are shared amongst more than fif…

A CGD blog with Karen Mathiasen. Next week, finance ministers and other officials from around the world will descend on Marrakech for the World Bank and IMF annual meetings. Read on for a range of quick reactions from CGD’s experts on what will happen next week, and what should happen-and how we get from one…

A CGD blog with Samuel Huckstep. This blog outlines the potential impacts on both earnings and carbon emissions from expanding skilled migration to support the green transition.

A CGD blog. The likelihood of capital increase for the World Bank’s non-concessional lending arm, the IBRD, appears to be climbing. At least an odd European government appears to be doing some preparatory work for it. But any negotiations around a capital increase may be complex. Large shareholders and borrowe….

A CGD blog. I utterly didn’t foresee the revolution in mobile internet services, and the incredibly innovative ways that it would be used. Back in 2002, 11 percent of the world’s population were internet users. Today, it is 63 percent-the considerable majority using connections over cheap mobile phones. Even in…

A CGD blog. As new president Ajay Banga settles in to his position atop of the World Bank, his thoughts will be on institutional reform. Not least, the mandate he has been given to “evolve” the Bank to take on the mission of climate change. How do you redeploy 19,000 staff members in a new…

A CGD blog. A number of aid advocates have started (re)using the fear of migration flows to drum up support for increased, or at least sustained, development and climate finance. Their argument is that such finance will reduce migration flows that we should support and protect prosperous and sustainable econom…