At the World Bank and IMF’s Spring Meetings last week there was much discussion around 0.7 — that decades-old target whereby donors should provide aid equal to 0.7% of their GDP. But there’s a much more current and strategic conversation happening around 0.07% — the amount of assistance donors provide to improve domestic resource mobilization in developing countries. This rounding error goes toward high-impact efforts like improving revenue collection and customs capacity in developing countries.
Rethinking US Development Policy
The Rethinking US Development Policy Blog complements CGD's Rethinking US Development Policy initiative. Both are for professionals interested in tracking US development policy and its impact on developing countries.