With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
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.
Multiple crises in the Latin American past, including severe banking crises, have been accompanied by sharp and persistent devaluations. This time around, the impressively large currency depreciations (over 50 percent in some countries) resulting from the ongoing commodity price shock and volatile international capital markets have resulted in contraction in output growth (and even recession in Brazil), but no financial crisis.
Why not? And can Latin America muddle through this episode of adverse international conditions and avoid the severe financial crises that distinguished the region in the 1980s and 1990s? Or will cumulative shocks eventually expose domestic financial vulnerabilities and cause severe crises to ensue?
In a short report accompanying the event, CLAAF members will seek to answer these questions, as well as:
Will an eventual increase in the Fed’s rates be the straw that breaks the camel's back in the region or will the expected series of small Fed rate hikes calm markets and induce a renewal of inflows to Latin America?
Increased flexibility in exchange rates has certainly helped absorb external shocks in the region. But, as most Latin American countries lack strong institutional quality, has this policy unintentionally resulted in a false sense of security and fostered postponement of needed reforms in other key areas?
Is now the time for tight monetary/fiscal policies even if they are pro-cyclical?
Guillermo Calvo, Professor, Columbia University; former Chief Economist, Inter-American Development Bank Carmen Reinhart, Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School Liliana Rojas-Suarez, President, CLAAF and Senior Fellow and Director, Latin America Initiative, Center for Global Development Laura Alfaro, Professor, Harvard Business School; former Minister of National Planning and Economic Policy, Costa Rica Pedro Carvalho de Mello, Professor, Universidade de Sao Paulo; former Commissioner, Comissao de Valores Mobiliarios, Brazil Roque Fernandez, Professor, Universidad del CEMA; former Minister of Finance, Argentina Pablo Guidotti Dean and Professor, School of Government, Universidad Torcuato di Tella; Former Vice-Minister of Finance, Argentina Enrique Mendoza, Presidential Professor of Economics at the University of Pennsylvania and Director of Penn Institute for Economic Research Guillermo Perry, Non-resident fellow, Center for Global Development; Professor, Universidad de los Andes; Former Minister of Finance, Colombia Ernesto Talvi, Director of the Brookings-CERES Economic and Social Policy in Latin America Initiative
Women are overrepresented in the informal sector worldwide, often stuck in dangerous, insecure, low-paid jobs. Waste picking in particular is a highly vulnerable and risky form of informal employment. In 1995, India’s Self-Employed Women’s Association (SEWA) organized women waste pickers in Ahmedabad into a cooperative to improve their working conditions and livelihoods. Over time, this informal arrangement evolved into Gitanjali – a women-owned and -run social enterprise, that produces a full range of stationery products for large multinational corporations, including Staples, IBM, and Goldman Sachs. What difference has Gitanjali made to the lives and opportunities of women waste pickers in India? What are the implications for women’s social enterprises in other countries? What are the challenges that remain to be overcome? The Center for Global Development is delighted to bring together some of the key private sector partners that helped Gitanjali generate social value, along with practitioners from the public sector and multilateral financial institutions, for a robust discussion about job options for poor women in low paid, informal occupations, including a model entrepreneurship venture. The event will be informed by the CGD report, The Gitanjali Cooperative: A Social Enterprise in the Making. Copies of the report’s executive summary will be provided. Light refreshments will be available.
The launch of the Cameroon Cataract Development Impact Loan—a Development Impact Bond (DIB) to provide cataract surgery services via a social enterprise model—marks a key moment in the history of results-based financing. The cataract bond is the first DIB to have a development finance institution (DFI) as an investor, and among the first pay-for-performance projects in eye care to assess the quantity, quality, equity, and financial sustainability of the services provided. Please join us for a discussion on the development of the bond and the experiences of the cataract bond partner organizations, as well as lessons learned from other health-related impact bonds and what it all suggests for the future of pay-for-success for health.
Numerous studies find that child health suffers when children are exposed to conflict, and armed conflicts are more likely to occur in poor countries with weak states. Nigeria is among the most conflict-prone countries in the world, experiencing the highest number of conflict-related deaths of all Sub-Saharan African countries in many of the years since 2000, with a peak in 2012. In this paper, researchers at the Urban Institute and the Center for Global Development are studying the relationship between child health and conflict in Nigeria by combining geo-coded data from the Demographic and Health Survey (DHS) of 2013 and the Social Conflict Analysis Database. In both urban and rural areas of Nigeria, they find significant increases in child wasting (acute malnutrition) in 2013 associated with proximity to violent conflict in 2012. In urban areas, infant mortality also increased significantly in 2003-2013, when the mother was exposed to conflict during pregnancy. They will discuss these findings and their implications, as well as some of the challenges to studying health in conflict-torn places.
Please join CGD for a conversation with four former directors of USAID’s Office of Population and Reproductive Health. These four leaders served between 1986 and 2013—and their tenures have spanned US administrations from Ronald Reagan to Barack Obama. Since the Office’s inception in 1969, the US government has played a substantial role in supporting expanded access to voluntary family planning around the world through technical assistance, diplomatic and policy engagement, and financial support. But differences in policy across administrations have meant that US leadership in international family planning has often faced periods of uncertainty. CGD is convening this panel to revisit historic experiences and to shed light on lessons learned that may be used to inform stakeholders in the current landscape.
Due to the potential for snow tomorrow, we are unfortunately canceling this event. We apologize for the inconvenience and hope to see you at CGD soon.
Please join Crispian Olver for a discussing of his latest book How to Steal a City: The Battle for Nelson Mandela Bay: An Inside Account. How to Steal a City is an insider account of this intervention, which lays bare how the administration was entirely captured and bled dry by a criminal syndicate, how factional politics within the ruling party abetted that corruption, and how a comprehensive clean-up was eventually conducted.
The World Bank’s Global Economic Prospects 2018 recognizes that the global economy is enjoying a long-awaited broad-based cyclical recovery. In this favorable environment, the Bank expects growth in emerging and developing countries to continue during the next couple of years. But this is no time for complacency. Forces depressing potential output growth will continue unless countered by structural policies. While most commentators focus on the recent cyclical upturn, the new World Bank report presents a sober analysis of long-term growth prospects. Director of the World Bank's Development Prospects Group, Ayhan Kose will give a brief presentation of the report and will then participate in the panel discussion, moderated by CGD president, Masood Ahmed.
With the biometric registration of 9.2 million adults and documentation of 4.5 million children, Malawi has made a massive stride towards SDG 16.9 which requires states to “provide legal identity to all, including birth registration, by 2030”. How has Malawi achieved universal coverage in only 180 days despite lack of key infrastructure and scarce technical resources? What are the potential digital dividends of this initiative for Malawi and its people, and what can development partners and other countries learn from it? Tariq Malik, Chief Technical Advisor of UNDP, who leads this project, will walk us through this journey of success in the heart of Africa.
Five years after the landmark UN endorsement, countries around the world are now working to translate the lofty rhetoric of UHC into defined, tangible, equitable, and comprehensive health services for their populations. On December 12th, the world will officially mark the 5th annual Universal Health Coverage (UHC) Day—an opportunity to reflect on the global community’s role in supporting progress toward this important goals. In celebration of UHC day, the Center for Global Development is pleased to host a short program—Better Decisions, Better Health: Practical Experiences Supporting UHC from around the World—featuring practical experiences supporting UHC from Southeast Asia, Sub-Saharan Africa, and at the global level. A keynote address from Mark McClellan will precede remarks and presentations from the core partners of the International Decision Support Initiative (iDSI).