Recent Posts
Reforming the World Bank and MDBs to Meet Shared Global Challenges
October 6, 2022Independent Think Tank Leaders Issue Call to Action for MDB Reform Last July, the Center for Global Development hosted a meeting with other think tanks to exchange perspectives on the multilateral development bank (MDB) system. We shared a common diagnosis that MDBs must more aggressively address the global challenges that defy national borders and threaten human life as we know it. By virtue of its global reach, financial firepower, and expertise, the World Bank is especially well positioned to be a major driver of progress on climate, pandemic preparedness [...]
IMF-World Bank meetings are the last stop before a coming economic storm
October 5, 2022Lawrence H. Summers, a Post Opinions contributing columnist, is a professor at and past president of Harvard University. He was treasury secretary from 1999 to 2001 and an economic adviser to President Barack Obama from 2009 through 2010. Masood Ahmed is president of the Center for Global Development; he has previously served as a senior official at the World Bank and the International Monetary Fund. When they gather in Washington next week for the International Monetary Fund and World Bank Group annual meetings, the world’s finance ministers face what has been labeled [...]
The climate agenda as the central axis of foreign policy in Latin America
August 23, 2022The climate crisis, global in nature, demands joint and urgent actions. For Latin America to advance on this agenda, it is necessary to reflect on possible ways to strengthen a multilateral narrative in favor of a coordinated foreign policy in the region. In this sense, the project "The Climate Agenda as a Central Axis of Latin American Foreign Policy" carried out by the Brazilian Center for International Relations (CEBRI) and the Regional Program for Energy Security and Climate Change in Latin America of the Konrad Adenauer Foundation (EKLA-KAS) aimed to discuss the role of the climate agenda [...]
The Sovereignty of Developing Countries: The Challenge of Foreign Aid
July 25, 2022Foreign aid has a well-established and significant role in international relations. The role of foreign aid in the repertoire of international development programs is extensively documented, with its goal being the promotion of human and economic development. Foreign aid can be defined as “all forms of assistance that a country derives from other governments or multilateral agencies and financial institutions to fill noticeable gaps, especially in production, savings, and investments; it takes diverse forms such as grants, loans, foreign direct investment (FDI), joint ventures, and technical assistance” (Omotola and Saliu, [...]