Multimedia

At this breakfast discussion, CGD policy analyst Casey Dunning will forecast which countries the MCC board is likely to select for FY2012 compact and threshold funding at its December 15th board meeting. This deliberation marks the ninth round of the MCC eligibility selection process. Drawing on a recent MCA Monitor analysis, Casey Dunning and Owen McCarthy will highlight current issues affecting the MCC’s selection process, including the new selection system, second compact eligibility, and the revised threshold program—and suggest principles that should guide the MCC board and management team as they choose eligible countries for FY2012.

Join us in honoring Geeta Rao Gupta, winner of the 2011 Commitment to Development Award, sponsored by the Center for Global Development (CGD) and Foreign Policy Magazine. Bestowed annually since 2003, the Award honors an individual or organization that has made a significant contribution to changing attitudes and policies towards the developing world. Geeta Rao Gupta, former president of the International Center for Research on Women (ICRW), has provided strong leadership in ensuring a steady flow of research evidence about how to translate advocacy for women in the developing world into policy priorities and practical programs. Gender would not have such a fundamental role in development if not for the work that Geeta and her predecessors and successors have championed at ICRW.

In this two-minute clip from 2010, Ayah Mahgoub, former CGD special assistant to the president, discusses Cash on Delivery  Aid (COD Aid), a CGD initiative for making aid more effective. COD Aid builds on existing initiatives to disburse aid against results but links payments more directly to a single, agreed-upon outcome. The approach gives recipients the autonomy to achieve progress however they see fit and ensures greater transparency. Mahgoub explains how this hands-off approach creates incentives for countries to discover what really works and shows funders that their money is making a difference. The development community has already shown a strong interest in applying COD aid to health, education, and water sanitation. Learn more about the COD Aid initiative here. 

In this two-minute clip from 2006, Steve Radelet, former CGD senior fellow, explains how CGD has contributed to the Millennium Challenge Account (MCA)—a U.S. aid program focusing on effectiveness, economic growth, and poverty alleviation. Ken Hackett, a Millennium Challenge Corporation (MCC) board member explains how CGD has been involved with the account since its creation in 2002. CGD continues to have an impact through its MCA Monitor initiative which provides rigorous policy analysis and research on the operations and effectiveness of the MCC. You can learn more about CGD’s MCA monitor initiative here.

In this two-minute 2006 video clip, Ruth Levine, then CGD senior fellow and director for global health, tells the story of CGD’s Making Markets for Vaccines initiative. She describes how a CGD Working Group produced an economic and legal framework for funds to incentivize vaccine development. The G-7 Finance Ministers endorsed the approach and five donors (Canada, Italy, Norway, UK and Russia, and the Gates Foundation) committed $1.5 billion to create an incentive for a vaccine against the strains of pneumococcus disease prevalent in low-income countries. Owen Barder, a co-author of the working group report, and Alice Albright, a member of the working group who was then CFO of the Global Alliance for Vaccines and Immunization, help tell the story of moving this innovative proposal from idea to action.

In this short video clip, CGD senior fellows David Wheeler and Arvind Subramanian tell how CGD influenced the World Bank to stop financing coal-burning power plants through the Clean Tech Fund and instead focus on solar thermal power. Drawing on Wheeler’s research, Wheeler and others in CGD engaged directly with senior management at the World Bank, enlisted NGO support, and made the argument for the funding shift in newsletters, blog posts, and Congressional testimony. Watch the film, then learn more about CGD’s work on climate and development.

The Arab Spring has grabbed the world’s attention, yet Iraq—the Arab country that not long ago was the very epicenter of American foreign policy—has almost entirely fallen off the front pages. While Iraq’s security has improved greatly, the country is still struggling to consolidate a functional government and come up with a coherent spending plan for its oil wealth. In a new CGD working paper, “Iraq’s Last Window: Diffusing the Risks of a Petro-State,” Johnny West, a longtime journalist in the Middle East and author of the recent book, Karama! Journeys through the Arab Spring, identifies a new opportunity for direct distribution of Iraqi oil rents that he argues could halve poverty, diversify the economy and cement territorial integrity by giving Iraqis a stake in their oil wealth. The event will feature a brief presentation of the paper by West, followed by a discussion with a distinguished panel.

Senior Fellow Liliana Rojas-Suarez was interviewed by CNN en Español on the current debt crisis within Europe. In this interview she states her view that a banking crisis is highly likely within Europe. She notes that, in addition to the recent issues experienced by the French banks, many other European banks are struggling. As opposed to the United States, the problems in Europe started in the public sector and moved to the private sector; the banks, in particular. Also in contrast to the US, the European banks don’t have a full Lender of Last Resort (a function that the European Central Bank is not committed to pursue). Moreover, given the political disagreements within Germany, a TARP like program does not seem probable. In this context, banks’ recapitalization would need to take place with private sector resources, which are not forth coming given the low levels of confidence in European financial systems as the risk of contagion increases. For example, French banks have a large exposure to debt issued by Greece. At this point, if the ECB were to develop a deposit guarantee fund, Germany will have to provide the backing, which at this point looks unlikely.