Global Development: Views from the Center

Global Development: Views from the Center features posts from Nancy Birdsall and her colleagues at the Center for Global Development about innovative, practical policy responses to poverty and inequality in an ever-more globalized world.

 

Biofuel Subsidies: Bad Policies, Bad Examples for Development

If you haven’t been following debates on biofuels recently, you’ve been missing a lot of excitement.  Fortunately, a timely new CGD Working Paper by my colleague Kim Elliott provides a primer for how to think about these debates through the lens of development.  The bottom line is that biofuel subsidies in rich countries are bad for development by increasing the costs of food and driving tropical deforestation even while failing to reduce the emissions that cause cli

Funders Worry About "Double Counting" – but What About "Double Demanding"?

In the world of international aid, performance payments are a hot topic. But when it comes to signing performance payment agreements, most funders have been reticent. One of the reasons is a fear of “Double Counting” – paying once for investments to achieve outcomes and a second time when the outcomes are delivered. This concern ignores the complexity of achieving development goals and the intangible assets invested by recipient countries. When funders do agree to performance agreements, they end up ignoring the burden on recipients of “Double Demanding” – disbursing when outcomes are achieved and then setting restrictions on the use of those funds. All this confusion gets in the way of designing effective aid programs.

India’s Big Climate Move

India just did something big for the climate: it announced that it will allocate $6 billion a year in tax revenue in a way that will encourage forest conservation. That’s more results-based finance for forest conservation than any other country in the world, including the current biggest spender Norway. 

Research So Clear, You Can See Right Through It?

Creating an evidence base requires good research, but how can we know if evidence is strong or weak … or even misleading? The process by which researchers conduct, document, and share their work is essential to winnowing out weak studies and to improving, honing and disseminating strong ones. At the risk of taking the metaphor too far – can we make research so transparent that anyone can see right through it?

Yellen to Congress: US Anti–Money Laundering Policies Hurt the Poor

Rich countries’ anti-money laundering rules are “causing a great deal of hardship” by making it very costly for migrants to send money home. So testified Federal Reserve Chair Janet Yellen before lawmakers on the House Financial Services Committee in Washington this week. It’s a problem a CGD Working Group is looking at right now: the de-banking of remittance organizations by many banks that cite burdensome compliance requirements.

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