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Toward Better Multilateral Development Banks: Can the United States and China Lead Together?

Tue, 21 Nov 2017 18:14:29 +0000


The purpose of this note is to provide a realistic analysis of where MDBs have made progress in improving performance and governance, the risks and challenges they and their shareholders confront today, possible areas of US-China collaboration, and a specific recommendation for a joint effort.

Leveraging the Links between Migration and Development: US Government Policy, Practice, and Potential

Mon, 20 Nov 2017 15:02:52 +0000


This paper reviews the positions and activities of the US government that have linked international migration with social, political and, above all, economic development in migrants’ countries of origin, through 2016. It specifies major opportunities for the government to do more for its overseas development policy goals by shaping the terms on which migration occurs, including in times of restricted immigration.

Billions to Trillions? Issues on the Role of Development Banks in Mobilizing Private Finance

Fri, 17 Nov 2017 20:37:42 +0000


It is time to take a fresh look at the PSWs and to ask some basic questions about their role and instruments. The aim of this essay is to raise issues that need to be addressed as we think about how PSWs should evolve and adapt to meet the formidable challenges ahead. These questions and the answers gained through careful research can help chart the right course and set the right expectations for MDB PSWs, DFIs, and impact investors generally.

When Do Subsidy Reforms Stick? Lessons from Iran, Nigeria, and India

Fri, 17 Nov 2017 13:00:00 +0000


This paper covers qualitative case studies from Iran, Nigeria, and India to illustrate a series of lessons for governments implementing subsidy reform policies. From these three country experiences, we find that fostering public support to implement lasting reform may depend on four measures: (1) forming a public engagement plan and a comprehensive reform policy that are then clearly communicated to the public in advance of price increases; (2) phasing in price adjustments over a period of time to ease absorption; (3) providing a targeted compensatory cash transfer to alleviate financial impacts on low- to middle-income households; and (4) capitalizing on favorable global macroeconomic conditions.

Rethinking Global Development Policy for the 21st Century

Thu, 09 Nov 2017 22:27:40 +0000


CGD Board Chair Lawrence H. Summers delivered this keynote speech at an event hosted at the Center for Global Development on November 8, 2017. A video of the speech is also available.

Six Reasons Why the Global Fund Should Adopt Health Technology Assessment

Wed, 08 Nov 2017 16:17:20 +0000


With aid budgets shrinking and even low-income countries increasingly faced with cofinancing requirements, this is the right time for global health funders such as the Global Fund and their donors to formally introduce Health Technology Assessment (HTA), both at the central operations level and at the national or regional level in recipient countries. In this CGD Note, we explain why introducing HTA is a good idea. Specifically, we outline six benefits that the application of HTA could bring to the Global Fund, the countries it supports, and the broader global health community.

The IMF: Crawling the Walk on Gender?

Thu, 02 Nov 2017 16:00:45 +0000


Under managing director Christine Lagarde, the International Monetary Fund (IMF) has become a champion for gender equality. This note examines how much the IMF’s dialogue with its member countries has changed as a result of the labeling of gender as a "macrocritical" issue. In short, there has been increased attention to the issue as reflected in word counts and discussion of women’s labor force participation, but there is still a long way to go.

Energy in Africa Promotes US Economic and Security Interests

Wed, 01 Nov 2017 15:38:40 +0000


Todd Moss testified before the Senate Foreign Relations Senate Foreign Relations Subcommittee on Multilateral International Development, Multilateral Institutions, and International Economic, Energy, and Environmental Policy at a hearing titled “Energy and International Development” on November 1, 2017. During his appearance before the Committee, Todd detailed how US efforts to expand meaningful—modern—energy access in sub-Saharan Africa serve US interests and offered recommendations for strengthening Power Africa.

The Perils of Partial Attribution: Let’s All Play for Team Development

Thu, 26 Oct 2017 14:48:11 +0000


The debate about whether it is more important to have good individual statistics or be a team player that contributes to overall victory is hugely important in development today.

Estimating the SDGs' Demand for Innovation - Working Paper 469

Thu, 26 Oct 2017 13:00:48 +0000


How much innovation will be needed to meet the United Nations’ Sustainable Development Goals? Our results suggest that (i) best performers are considerably outperforming the average performance at a given income level, suggesting considerable progress could be achieved through policy change but that (ii) the targets set in the SDGs are unlikely to be met by 2030 without very rapid, ubiquitous technological progress alongside economic growth.