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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

New Approach to Managing Environmental and Social Risks in World Bank Programs

On Thursday, August 4, the World Bank’s Board of Executive Directors approved a new “Environmental and Social Framework” for bank-financed investment projects. While the new policy framework has cleared the hurdle of Board approval, many questions remain. Will the new framework succeed? Will it enhance country capability and commitment to managing environmental and social risks? And will it reduce the bureaucratic hassles associated with bank lending and bolster demand?

Doing More than Safeguarding the Safeguards at the World Bank

Depending on who you listen to, the World Bank has either just launched an unprecedented reach into the domestic political affairs of sovereign nations, or it has gutted the rules that have helped define its essential character as a global norm-setter. Both can’t be right, and most likely, neither is. To better understand the objectives of the bank's newly adopted “safeguards” regime, and why I’m somewhat encouraged by it, it’s worth looking more closely at the arguments of critics on both sides.

Fragile States and Climate Change: Things Fall Apart

**This post is co-authored with CGD senior fellow David Wheeler
Today's Washington Post column by David Ignatius finally inches popular understanding in the U.S. a bit further in the right direction on why climate change could be so costly to human society. It isn't just the direct costs of seawalls and more destructive hurricanes that climate change will bring. It's the risk that institutional arrangements to deal with those costs will not be resilient and will collapse under the resulting pressure--so that, as Chinua Achebe suggested about post-colonial West Africa, things do literally "fall apart".

2006 Commitment to Development Index Launches

I am pleased to announce the release of the 2006 edition of the Commitment to Development Index. Each year the CDI rates and ranks 21 rich countries on how much their policies help or hurt poorer nations. The CDI assigns scores in seven policy areas (foreign aid, trade, investment, migration, environment, security, and technology), with the average being the overall score.