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CNN en Español interviewed CGD senior fellow Liliana Rojas-Suarez on the U.S. financial reform.

Rojas-Suarez expressed concern that the Federal Reserve will only supervise entities that have an asset value of more than $50 billion, but won’t supervise the small entities which usually start banking problems like the recent crisis in the United States. She argued that the only way for the U.S. to achieve financial stabilization is by giving the Federal Reserve the authority to supervise the entire financial system.

At the March 23, 2010 launch of their new book, Cash on Delivery: A new approach to foreign aid with an application to primary schooling, authors Nancy Birdsall, President, Center for Global Development; William Savedoff, Senior Fellow, Center for Global Development; and Ayah Mahgoub, Program Coordinator to the President, Center for Global Development, presented an approach that links aid directly to outcomes in ways that promote accountability and strengthen local institutions. Cash on Delivery builds on existing initiatives that strive to disburse aid against results, but it takes the idea further by linking payments more directly to a single specific outcome; giving the recipient country full authority to achieve progress however it sees fit and without interference of any kind from donors; and assuring that the recipient country's progress is transparent and visible to its own citizens.

My guest this week is Owen Barder, a visiting fellow here at the Center for the Global Development and the director of the AidInfo project at Development Initiatives, a UK-based NGO. Owen's current work focuses on improving the transparency of the international aid system—making it easier to know where and how aid is being spent.

Owen explains that more easily available aid data would benefit a number of audiences. Researchers and policymakers need the data to study what aid interventions work best. Developed country taxpayers have a right to information on how government is spending their money. Developing country governments need information on donor spending in order to budget their own resources effectively. However, according to Owen, the most important audience for aid data are the citizens of developing countries-the intended beneficiaries of the spending.

"They need to hold their government to account, they need to hold service delivery organizations to account," he says. "And to do that, they need to know what services they should be expecting, what money is being allocated, what's being spent, so they can make sure they're getting the services they need."

Would an Advance Market Commitment work in climate finance? CGD visting senior associate Jan von der Goltz joined a panel on Advance Market Commitments (AMCs) at the Marketplace on Innovative Financial Solutions for Development in Paris, March 4, 2010. (For a round-up of the best ideas from the Marketplace, click here. Jan assessed the idea of extending the AMC concept – which CGD pioneered for the vaccine market – to climate finance. The takeaway message: AMCs are powerful tools in dealing with market failure – but they are complex financing structures, and must be tailored to the challenge at hand. It makes little sense to transplant the original AMC structure into the climate field 1:1. Rather, true to the spirit of the AMC, donors should look at the challenges in financing a given climate project, and design an innovative financing scheme that fits them.

I'm joined this week by Ayah Mahgoub, a program coordinator here at the Center for Global Development who works on issues related to the effectiveness of foreign aid. Along with Nancy Birdsall and Bill Savedoff, Ayah is working on designing a new form of development assistance called Cash on Delivery Aid that would pay for progress on specific development outcomes.

Nancy summed up the basic idea of the Cash on Delivery approach on a Wonkcast last month—read that post or go here for a short introduction to the idea of COD Aid. While discussions are underway to develop COD aid mechanisms for a number of sectors (including water and health), the initial application is in education. In this sector, a Cash on Delivery contract would pay recipient governments a fixed amount for each additional student who completes primary school and take a standardized test. Ayah is helping to match aid donors and recipient governments who are interested in supporting a pilot of this innovative approach. I asked Ayah to tell us about the countries where the first COD Aid programs might happen: Malawi, Ethiopia, and Liberia.

My guest on this week’s show is David Roodman, a research fellow here at CGD who has spent the past year writing a book on microfinance. He has shared this experience online through his open book blog, posting chapter drafts, analyzing ongoing research in the field, and soliciting comments and suggestions. I ask David why he decided to write his book in such a public way, and what he’s learned over the last year.

David replies that when it comes to policy research, people write books for four reasons. “One is to help you think through a complicated process… Another is to provide a basis for shorter spin-off pieces… Another is to signal that you’re an expert about something. And then the last is, oh yeah, to write something for people to read.” David says blogging about the book-writing process has helped him to partially accomplish the first three goals even before the book is complete. It has also, somewhat unexpectedly he says, changed his writing style, something he discussed recently on the blog.

Can aid donors find a better way to deliver aid? My guest this week is Nancy Birdsall, president of the Center for Global Development. Along with William Savedoff and Ayah Mahgoub, Nancy is working on a potential new way of disbursing foreign assistance called Cash on Delivery Aid. COD Aid seeks to devise simple, results-based contracts that reward developing countries for making progress towards previously agreed goals—such as increased primary school completion rates, vaccination coverage, or access to clean water.

In the podcast, Nancy explains that the traditional mode of giving aid, in which donors often take an active role in prescribing which actions recipient governments should take, can undermine incentives for governments to identify problems and design and implement locally appropriate solutions. "We have to create a system in which outside resources actually help the developing country governments find out what works in their particular setting," says Nancy.

My guest this week is Rachel Nugent, deputy director for global health here at the Center for Global Development. Rachel directs the Center's work looking at the links between population, poverty, and economic growth and serves as the coordinator of the Population and Poverty Research Network, which held its fourth annual conference recently in Cape Town, South Africa.

Many of us are familiar with how development influences population growth: as incomes rise, fertility rates and average family size tend to fall; populations grow more slowly. Rachel explains that while this relationship is important there are many important unanswered questions about how population policies affect development outcomes. For example: if a poor country slows population growth by actively encouraging family planning, will the families involved and the nation reap economic benefits? Under what circumstances?