Multilateral Development Banks

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Labor should create a “Regional Carbon Bank” for ASEAN and the Pacific

Much of the discussion about climate change policy in Australia has focused on the changes needed by the new Albanese Labor government to align Australia with international goals such as those discussed in Glasgow in November last year. The focus on domestic issues is understandable but the approach

By Peter McCawley

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The Director’s Chair: Bob Zoellick on the World Bank, China, and the Republican Party

In this episode of The Director’s Chair, Michael Fullilove speaks with the long-time public official, policymaker, and former President of the World Bank, Robert Zoellick

By Michael Fullilove

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Avoiding a Pacific Lost Decade: Financing the Pacific's COVID-19 Recovery

The Pacific's post-pandemic economic revival will rely on an internationalmulti-year recovery package of grants and loans led by Australia

By Roland Rajah, Alexandre Dayant

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Jim Wolfensohn’s knowledge bank

Jim Wolfensohn, an Australian-turned-American who became president of the World Bank in 1995, was a mercurial character. His struggle to tackle the challenges of global development, relying on the weak reed of the World Bank, is a classic story of the heroic individual challenging global forces.&

By Peter McCawley

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Covid-19 and development banks in Asia

The Covid-19 pandemic means that more low- and middle-income economies are more reliant on multilateral development banks. Despite the media focus on “mask diplomacy” (or the lack of it) from individual countries, most notably China, development bank lending has been the largest external source

By Malcolm Cook

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The new development banks: Paradigm shift or poor imitation?

2014 marked the 70th anniversary of the Bretton Woods conference, and it was a turning point for the global financial architecture. In July that year, the BRICS countries – Brazil, Russia, India, China, and South Africa – established the New Development Bank (NDB). A few months earlier, China

By Robert Wihtol

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The future role of international financial institutions

The role of the multilateral development banks (MDBs) and other international financial institutions (IFIs) is back in the policy spotlight. The latest attention comes via the G20 Eminent Persons Group (EPG) on Global Financial Governance, formed by G20 Finance Ministers at their meeting

By Mike Callaghan

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The Asian Development Bank's unfinished business

In his recent Interpreter post, Richard Moore provides a handy summary of the work of the Asian Development Bank (ADB) over the past 50 years. He also poses questions about the future of the Bank. Moore is a former ADB Board member, so he is thoroughly familiar with debates about the Bank's role in

By Peter McCawley

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The Asian Development Bank at 50: A spent force?

In May, the Asian Development Bank celebrated its 50th anniversary with a big bash in Yokohama. Senior ADB figures repeatedly pointed to the record crowd of more than 6000 attendees as evidence of the meeting's success and the ADB's enduring relevance. Not all of the 6000 were convinced. If there

By Richard Moore

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Is the AIIB still ‘lean, clean and green’?

It is just over two years since the United Kingdom announced (to the surprise of everyone involved, most notably the United States, but also China) that it would join the new, China-led multilateral development bank known as the Asian Infrastructure Investment Bank (AIIB). This triggered an

By Sam Geall

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The future of the AIIB is bigger than Australian coal

The Australian has run a story, 'Power row engulfs Asian Infrastructure Investment Bank', about tensions between the Australian government and the Asian Infrastructure Investment Bank (AIIB) over the focus on renewable energy in the latter's proposed energy strategy. Most of the article

By Hannah Wurf

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The G20 and the Future of International Economic Governance

The G20 has become a key international forum since it was set up in 1999. When Australia began its presidency of the 2014 summit in Brisbane, many commentators suggested that Australia’s chairing of the G20 would reinvigorate it. This timely book looks at what that meeting achieved and what has

By Mike Callaghan, Tristram Sainsbury

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US global economic leadership: Responding to a rising China

In this Analysis, Lowy Institute Research Fellow Tristram Sainsbury examines the evolving global economic leadership roles of the United States and China

By Tristram Sainsbury

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Multilateral Development Banks

Labor should create a “Regional Carbon Bank” for ASEAN and the Pacific

The Director’s Chair: Bob Zoellick on the World Bank, China, and the Republican Party

Avoiding a Pacific Lost Decade: Financing the Pacific's COVID-19 Recovery

Jim Wolfensohn’s knowledge bank

Covid-19 and development banks in Asia

The new development banks: Paradigm shift or poor imitation?

The future role of international financial institutions

The Asian Development Bank's unfinished business

The Asian Development Bank at 50: A spent force?

Is the AIIB still ‘lean, clean and green’?

The future of the AIIB is bigger than Australian coal

The G20 and the Future of International Economic Governance

US global economic leadership: Responding to a rising China

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