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Development Finance

All articles tagged with #development finance

World Bank to end China lending by 2031, signaling Beijing’s graduation
world14 days ago

World Bank to end China lending by 2031, signaling Beijing’s graduation

The World Bank plans to phase out lending to China by 2031, capping new financing at up to $2 billion before Beijing graduates from the institution. The move, driven by bipartisan U.S. pressure and reflecting China’s growing economy, follows a decline in lending from about $2.4 billion in 2017 to roughly $750 million in 2025 and will end China’s borrower status with the Bank. Unlike Poland’s transition, the Chinese plan has no carve-outs for Ukraine or nuclear-energy financing, and it signals broader scrutiny of multilateral lending to rising economies.

world7 months ago

African Development Fund Secures $25 Billion to Boost Growth and Investment

The African Development Fund secured a record $11 billion for its 17th replenishment, marking a shift towards investment-led development with increased African contributions and new financial models to unlock private capital, supporting 37 low-income countries across Africa in sectors like energy, food security, and infrastructure.

"Revitalizing Multilateralism: Ambitious Solutions for Development Finance"
international-development3 years ago

"Revitalizing Multilateralism: Ambitious Solutions for Development Finance"

The World Bank, the IMF, and other international financial institutions have not done enough to overcome the inequity caused by the compounding crises of climate change, poverty, and hunger. Rich countries have neglected to honor previous commitments, while lower-income countries are swamped by debt and projected to grow much slower than expected. A new consensus has developed around the belief that one of the best hopes for scaling the investments and innovations required to meet today’s crises is to revitalize and augment the development finance system. The system needs to relieve unsustainable debt levels, invest for the future, and expand access to public goods.