Tag: World Bank

 

Getting to Yes on a World Bank Recapitalization

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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.

The (Sometime) Tyranny of (Somewhat) Arbitrary Income Lines

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As Lant Pritchett reports, the World Bank has introduced two new poverty lines: $3.20 for lower middle income countries, and $5.50 for upper middle income countries. I’m with Lant that this is broadly a good thing. But the process by which the World Bank came up with its new poverty lines suggests it might be worth revisiting some of the pitfalls of income thresholds at the individual or national level. 

China May Be Paving the Way for America’s Exit

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One form of soft power is concrete enough. That is, it’s literally concrete. And by a measure of bricks and mortar, it’s clear that the United States is rapidly losing the soft power game to China. In fact, the contrast between the two countries on display this week in Washington is startling.

Dear Finance Minister: The World Bank Has Cleared the Air on Tobacco Taxes

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Dear Finance Minister,

This Wednesday, you will be attending an event on tobacco taxes at the World Bank’s annual meetings, where President Jim Kim and Mayor Michael Bloomberg will be speaking. You will be attending this high-level discussion along with about 14 other Finance Ministers. While the meeting may look routine, it is actually one of the most important you will attend this week. You will be discussing how the Finance Ministry can save more lives than the Minister of Health—by raising tobacco taxes in a way that best discourages smoking.

The Annual Meetings and CGD: What Events Are We Hosting?

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Influential policymakers and practitioners from across the world and across the development landscape will be at CGD next week, ahead of the World Bank/IMF Annual Meetings. Luminaries from the fields of development finance, humanitarian policy, technology, and gender will share their expertise on how to address some of the biggest challenges and opportunities in global development. Here we share more details of CGD’s events next week.

AIIB, Tajikistan, and the Risks of Non-Concessional Lending

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The Asian Infrastructure Investment Bank's (AIIB) second loan to Tajikistan in the space of a year raises questions about lending on “hard terms” to poor countries. In its eagerness to meet the investment needs of Asian countries, is the AIIB going to get burned by lending at non-concessional rates to poor countries? Or, if a country becomes unable to pay all its bills, will it treat the AIIB as a preferred creditor and prioritize debt service payments over the needs of the poor?

Please, Can You Help Me Understand IDA's New Private Sector Window?

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The World Bank’s soft lending arm for poorer countries, IDA, is busy rolling out a new $2.5 billion Private Sector Window. (See last year’s outline proposal for reference.) Bigger private sectors in IDA countries would be hugely welcome, so there is much to like in the broad thrust of the proposal, as suggested by Nancy Lee. But I’m left a little baffled by the details, and would love some reactions as to what I’m missing.

Ivanka Trump Spearheads New Fund for Women Entrepreneurs: Four Questions to Answer Before the Cheers

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At a recent G20 dialogue in Berlin, Angela Merkel unveiled plans for a new fund—spearheaded by Ivanka Trump—to promote women’s entrepreneurship. But given that President Trump’s draft FY2018 budget proposes major cuts across development accounts, including on spending and activities central to women’s empowerment, there are significant questions to ask about what appears to be a major new development initiative championed by his Administration. Here are four core considerations.

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