A CGD blog. An interesting paper (and podcast) by Francis Fukuyama and Michael Bennon look at China’s Belt and Road Initiative (BRI) and recent debt distress in BRI project countries, building on work by Scott Morris and co-authors that examined 100 Chinese debt contracts with foreign governments. BRI has invol…
Charles Kenny
Books, Papers and Articles
Charles Kenny writes about global development — what’s working, what isn’t, and how the world can do better. An economist who spent fifteen years at the World Bank, he is now a senior fellow at the Center for Global Development in Washington, DC.
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A CGD blog. Subsequent statements and declarations made it fairly clear that all $100 billion was meant to be new and additional -presumably ‘new and additional’ to existing financial transfers to developing countries. But there is no consensus definition of “new and additional climate finance.” That raises th….
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A CGD blog. In the fight for more capital for climate at the World Bank Group, we should focus on the International Bank for Reconstruction and Development alone.
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A CGD blog. “Embrace mediocrity and accept the unoriginal” may not sound like a great rallying cry for World Bank staff, but if we really want the institution to ramp up lending for renewable power and low-carbon transport, it might be the call we need.
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A CGD blog. That said, there are reasons to doubt that a declining working age population would have a long-term effect on prices. They are based on an argument that economists have long made when it comes to migration into economies where the domestic labor force was still expanding, termed the “lump of labor …
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A CGD blog with Kenneth Lay. At the Spring Meetings of the World Bank, a range of shareholders repeated their call for multilateral development banks (MDBs) to do more, particularly with regard to climate finance. At the same time, client countries are demanding these institutions preserve their core mandate to support developm…
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A CGD blog with Charles Kenny. Last week, leaders from around the world gathered in Washington, DC to discuss the global economic situation, a looming debt crisis, and the future of the international financial institutions. Here are some of CGD experts’ takeaways on the highs and lows.
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A CGD blog with Samuel Huckstep. The World Bank’s evolution roadmap calls for the institution to reform and grow in response to global challenges and in particular climate change. But if the World Bank wants to do more on climate, it will also need to do more on migration-a topic only mentioned in passing. Successive briefings to t…
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A CGD blog. The dialogue around World Bank reform proposals has been dominated by Northern voices. But in the last week, representatives of World Bank Group client countries both based in the city and visiting for the World Bank-IMF Spring Meetings have helped to rebalance the discussion.
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A CGD blog. The world has never been more educated, our populations more connected. Technological advance in areas from solar and fusion power through batteries to satellites and cancer vaccines will help deliver sustained development. Ending extreme ($2.15 a day) poverty, while long overdue, is on a trajectory…
