Member Views

Mapping the Multilateral Concessional Finance Landscape

On September 19, the Center for Global Development will convene representatives from the leading multilateral development funds, their donors and recipients, and independent experts to discuss the next round of negotiations that will determine how much money these funds will have available in the years ahead and how they will spend it.

Mapping China’s Participation in Multilateral Development Institutions and Funds

China has emerged as a leading participant in multilateral development organizations. In many ways, this is a welcome development. Today’s global challenges, including COVID-19 and climate change, require an international response and have prompted renewed calls for increased multilateral engagement by the major economy countries. This, combined with the recognition of multilateral institutions’ high standards for transparency and environmental safeguards, have led the United States at times to encourage China to step up its multilateral contributions. At the same time, countervailing voices focused on strategic competition increasingly view China’s multilateral participation with skepticism.

Mapping Carbon Neutrality from Words to Deeds

Who would have thought that after 30 years since the UN Convention on Climate Change, the gap between the agreed goals, and delivery on them remains so wide, and that consequently global warming continues unabated?

Many Companies Pay Nothing in Taxes - The Public Has a Right to Know How they Pull it Off

Corporations are increasingly recognizing the importance of being responsive not just to their shareholders but also to the interests of stakeholders, such as customers, employees and their communities.

Macroeconomics of Split US Election

As of Friday morning, despite Joe Biden being up a convincing 4m votes in the presidential election, America – and the world – incredibly is anxiously awaiting the declaration of a winner, due to the inimitable electoral college.

Low-Income Countries Need a Boost for the Recovery. Here's How the IMF Can Step Up

Most observers gave the IMF high marks for its initial response to the COVID-19 crisis. It responded quickly with emergency financing to 86 countries, including a fivefold increase in its concessional lending to low-income countries (LICs).

Loss of Investor Confidence and the Banking Crisis

Central banks should become "more flexible in their interest rate decisions to calm down equity markets," while at the same time communicating "their commitment to bring inflation under control over time," argues BWC member Hung Tran.

Look Out America, Here Come the Bond Vigilantes

BWC chair Bill Dudley says, "if US officials don’t do something about the government’s fiscal problems, the bond market will."

Linda Goldberg

BWC’s newest member is Linda Goldberg, Senior Vice President in Financial Intermediation at the Federal Reserve Bank of New York. Linda brings her great expertise in the areas of global banking, international capital flows, and the international roles of the dollar and other currencies to our network.

Lessons of the FTX Collapse

The collapse of FTX in many ways is an example of the problems associated with a weakly regulated financial enterprise, as much as it is a demonstration of the problems associated with crypto finance in its current state. 

As a financial enterprise, the bankruptcy of FTX shows the major failings that can arise in an organization with an exceptionally weak governance structure as regards internal financial controls, record-keeping and the oversight of an independent board of directors. There also appear to have been shortcomings in the scope and scrutiny of its outside auditors.