For our annual Pro Week we bring you a deep dive into the Asian Infrastructure Investment Bank’s journey so far as the China-backed institution turns 10, a primer on the 10 largest MDBs, and a stocktake of World Bank reforms. Plus, MCC survives.
In a bid to increase private capital flows to the countries where it works the World Bank Group is streamlining and scaling its guarantee business.
Freshfields will look into whether IFC’s accountability arm, the Compliance Advisor Ombudsman, was “fully able to execute its compliance investigation mandate,” and whether IFC staff and management cooperated fully with its work.
Eighty years after the Bretton Woods Conference, the outdated financial system still perpetuates inequalities. Reforming the International Monetary Fund’s Special Drawing Rights is crucial but faces opposition from high-income nations.
The revamp of its system for measuring progress, which dramatically reduces the metrics it measures is part of the bank's broader reform efforts, is part of an effort toward "radical transparency.”
The World Bank’s private sector arm moves to hire more full-time staff and reduce reliance on short-term consultants, the latest development in a long debate over the role of those contractors.
IMF board decision paves the way for MDBs to use Special Drawing Rights to expand their lending through a hybrid capital financing tool.
African leaders asked IDA to focus on three priority areas: stronger human capital and the creation of good jobs, including through private investments; greater energy and digital access; and building resilience to climate and fragility.
The final special episode of the World Bank-IMF meetings podcast discusses the bank's pitch, what borrowing countries want, and why advocacy looks different this year.
The new one-stop-shop platform for simpler access to loan and investment guarantees is part of the bank's plan to triple its annual guarantee issuance to $20 billion by 2030. It will be available to clients July 1.
Under Ajay Banga, the World Bank is entering into uncharted territory.