Tag: Multilateral Development Banks

 

Publications

The purpose of this note is to provide a realistic analysis of where MDBs have made progress in improving performance and governance, the risks and challenges they and their shareholders confront today, possible areas of US-China collaboration, and a specific recommendation for a joint effort.

Publications

It is time to take a fresh look at the PSWs and to ask some basic questions about their role and instruments. The aim of this essay is to raise issues that need to be addressed as we think about how PSWs should evolve and adapt to meet the formidable challenges ahead. These questions and the answers gained through careful research can help chart the right course and set the right expectations for MDB PSWs, DFIs, and impact investors generally.

Getting to Yes on a World Bank Recapitalization

Blog Post

World Bank President Jim Kim is hoping the bank’s 189 shareholders will agree to increase the current capital of the bank’s “hard” window sometime in 2018. But the US wants to link any support for a recapitalization to World Bank “graduating” China—and perhaps other member countries with good access to private capital markets who don’t seem to “need” the World Bank. There are sensible arguments on both sides of this divide.

Publications

The Asian Infrastructure Investment Bank (AIIB) has enjoyed considerable success in its young life. The challenge going forward is to translate this resounding political success into operational effectiveness and sound strategy. Given the political dimensions of this new institution, it is also worth considering what it will mean for other MDBs like the World Bank and the ADB. There are large questions of political leadership in the multilateral “system” but also an array of issues on which the AIIB could help shape a new system-wide approach, whether defined by some division of labor among the MDBs or by introducing institutional innovations.

Five Innovations at the AIIB

Blog Post

We visited the AIIB a few weeks ago, and heard more about the emerging AIIB model: What is likely to be the same—as at the five big legacy banks (the World Bank and the four regional development banks) and what is likely to be different.

Why and How Change is Coming to the World Bank – Podcast with New CEO Kristalina Georgieva

Blog Post

Just ahead of the annual World Bank/IMF spring meetings, the Bank’s new CEO, Kristalina Georgieva, spoke with me about a new way of thinking at the 72-year-old institution. The Bank has renewed ambition, she told me, to be a catalyst for massive transformative investment in development. She went on to lay out how the Bank plans to do that in this edition of the CGD Podcast.

A Key Question If You Are Reviewing Multilateral Organization Effectiveness: Do We Need a Multilateral Solution?

Blog Post

There’s increasing appetite in the US to follow the UK model and launch a review of US spending through international organizations like the United Nations and the World Bank. There is a lot to be said for such an exercise—my colleague Todd Moss even carried out a mock version for the US a few years ago which suggested plaudits for Gavi and the African Development Fund alongside brickbats for the ILO and UNESCO. But I think the model has a serious weakness if it is going to be applied as broadly in the US as some proposals, including a draft executive order making the rounds, imply. I’d argue for (preferably) limiting the review to like-to-like comparisons covering aid and development institutions or (at least) using different criteria for judging the many different types of international organizations.

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