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In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Anne-Marie Gulde, Deputy Director, African Department, IMF
Dawn Holland, Chief of Global Economic Monitoring Branch, Economic Analysis and Policy Division, Department of Economic and Social Affairs, United Nations
Liliana Rojas-Suarez, Senior Fellow and Director of the Latin America Initiative, Center for Global Development
Sudhir Shetty, Chief Economist, East Asia and Pacific Region, World Bank
Masood Ahmed, President, Center for Global Development
Global growth is expected to slow down over the next two years. Trade and investment flows are likely to be more moderate and access to finance more difficult. Risks to the global economic outlook include greater volatility in financial markets, trade tensions, and heightened policy uncertainty.
Given these challenges, policymakers in emerging market and developing economies need to strengthen monetary and fiscal policy frameworks that will help them to cope with these uncertainties. At the same time, they must also focus on long-term growth prospects by taking steps to improve competitiveness, adaptability to technological change, and trade openness.
Join experts from the World Bank, the IMF, the UN, and CGD as we explore how global policymakers can best manage economic challenges in the coming year.
In Navigation by Judgment, Dan Honig argues that high-quality implementation of foreign aid programs often requires contextual information that cannot be seen by those in distant headquarters. Tight controls and a focus on reaching pre-set measurable targets often prevent front-line workers from using skill, local knowledge, and creativity to solve problems in ways that maximize the impact of foreign aid.
As part of the G7 meetings, Minister Marie-Claude Bibeau will host a meeting of G7 Development Ministers – the first of its kind since 2010. In preparation for that meeting, Minister Bibeau will join the Center for Global Development to discuss the priorities for this global development summit. In particular, she will discuss the importance of advancing the empowerment of adolescent girls including their central role in eradicating poverty and the need to move towards gender-responsive approaches to humanitarian assistance.
Intensive and potentially unethical marketing of infant formula is believed to be responsible for millions of infant deaths in low- and middle-income countries (LMICs), yet to date there have been no rigorous analyses that quantify these effects. Paul Gertler and colleagues drew on a sample of 2.48 million births in 46 countries, indicating that the introduction of Nestlé infant formula, the largest supplier worldwide, may have resulted in approximately 66,000 infant deaths in LMICs in 1981—the peak of the infant formula controversy—among households without clean water access. This suggests that unclean water inappropriately mixed into formula acted as a vector for the transmission of water-borne pathogens to infants.
Economic recovery in Latin America and the Caribbean (LAC) is gaining momentum, but more work is needed to ensure growth is both sustainable and inclusive. Looking ahead, activity is expected to gather further momentum—reflecting stronger demand at home and a supportive external environment. But there are still challenges ahead. Risks to the region’s outlook reflect internal factors as well as heightened external risks—notably, a shift towards more protectionist policies and a sudden tightening of global financial conditions. Additionally, longer-term growth prospects for Latin America and the Caribbean remain subdued.
Each year, delegations representing all World Health Organization (WHO) Member States attend the World Health Assembly (WHA) to determine the policies and budget of the organization. In advance of this year's WHA, the Center for Global Development will convene a curtain-raiser event to highlight topics and controversies on the WHA agenda -- from universal health coverage (UHC) and its measurement to the role WHO might play vis-à-vis global partnerships and funders and the alignment of global priorities.
During the early 1990s Germany received over half a million Yugoslavians fleeing war. By 2000, many of these refugees were repatriated. In their new paper, Dany Bahar and his co-authors exploit this episode to provide causal evidence on the role migrants play in contributing to productivity shifts in their home countries after their return, as explained by changes in comparative advantage.
In recent years, cash transfer programming (CTP) has emerged as one of the most significant innovations in international humanitarian assistance. The Cash Learning Partnership estimates that $2.8 billion was spent on cash and voucher programming in 2016, up 40% from 2015 and nearly double since 2014. Cash and voucher programming has demonstrated positive outcomes in addressing food security, access to education, healthcare, and economic recovery, in addition to supporting choice and dignity among affected populations.
Pascale Hélène Dubois will discuss the global impact of World Bank investigation and prevention activities and then join a panel with Kathrin Frauscher, Deputy and Program Director, Open Contracting Partnership and Hasan Tuluy, Partnership for Transparency Board Director, former World Bank Vice President, to dive deeper into what more can be done at the World Bank and other international institutions to combat corruption.