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.

 

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.

And Then There Were None? Banks Are De-Banking on a Grand Scale

In a few weeks’ time Australia’s Westpac bank will start closing down the accounts of money transfer organizations used by immigrants to send money home. Westpac is the last major Australian bank still offering services to organizations in the country’s US$25bn remittance sector.

 

 

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