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Will the UK Labour Party’s Big Idea of an Inequality Target Help or Hinder Development?

The UK Labour Party recently set out its ideas on international development in a paper titled “A World for the Many, Not the Few.” There is much to like in the policy paper, including pledges to put in place an effective whole-of-government development approach, to advance DFID’s monitoring of whether aid reaches the most vulnerable and excluded, and to communicate more honestly with UK taxpayers about the successes, challenges, and complexities of development. 

Another Debt Crisis for Poor Countries?

When the world’s finance ministers and central bank governors assemble in Washington later this month. they would do well to focus on another looming debt crisis that could hit some of the poorest countries in the world, many of whom are also struggling with problems of conflict and fragility and none of which has the institutional capacity to cope with a major debt crisis without lasting damage to their already-challenged development prospects.

MCC Gets Authority for Regional Programming

This week, Congress passed the African Growth and Opportunity Act and Millennium Challenge Act Modernization Act (H.R. 3445). Once signed, it will give MCC the long-awaited authority needed to pursue regional programming more effectively.

CGD Happenings for the IMF/World Bank Spring Meetings

This year’s IMF/World Bank Spring Meetings are just around the corner. In a rapidly changing development landscape, this year’s events at the Center for Global Development will focus on innovative and proactive approaches to addressing tomorrow’s development challenges today. We invite you to join us in conversation with finance ministers, top multilateral development bank and humanitarian agency officials, and global development thought leaders for discussions on topics ranging from migration to technology to education to development finance, and much more.

More Mobilization and Impact: Adapting MDB Private Finance Models

There is an urgent need to change PSW business models to maintain their financial sustainability while doing much better on mobilization and development impact. Two factors are critical for meeting this challenge: enhanced risk management capability and greater flexibility regarding risk-adjusted returns.

money from different countries

8 Ideas on Reforming the MDBs for the Eminent Persons Group

The Eminent Persons Group (EPG), tasked with making the system of international financial institutions fit for purpose in the 21st century, recently gave the G20 Finance Ministers a preliminary report on its work.The report is a bit long on generalities and short on specifics and, as my colleague Nancy Birdsall blogs, it mostly shies away from suggesting concrete adjustments in the way the multilateral development bank (MDB) system works now. Here are eight ideas that the EPG could propose that can be implemented in the next two years.

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