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.
This is a joint post with Ben Leo, former CGD research fellow and now Policy Director at ONE.
The Overseas Private Investment Corporation is the best US development agency you’ve probably never heard of. Known as OPIC, it’s often mistakenly confused with the oil cartel. But if you care about promoting economic opportunity around the world, then OPIC should be on your radar. And with a few changes, the Government could make OPIC a whole lot more impactful.
Launched in 1971, OPIC leverages public money to create market opportunities and crowd-in private capital by providing insurance, loans, and seed capital for new private equity funds. Over four decades, OPIC has helped to generate nearly $200 billion in new investment, enabling US investors to enter new markets and building a private sector in support of US policy objectives. The bonus of OPIC is not only that it works, but that it comes at no cost to US taxpayers. In fact, for 34 years in a row, OPIC has generated profits and contributed fundsinto the US Treasury (the FY2012 budget expects a $188 million contribution).
This post originally appeared on Carnegie Council for Ethics in International Affairs' Policy Innovations blog.
Imagine the United States sending low-calorie food aid to Ethiopia in response to the global obesity epidemic. Absurd, right? Even if global waistline trends are worrisome, Ethiopians didn't create the problem. Such a policy would be futile since it would have no noticeable impact on the global aggregate.
Although President Obama will be plenty busy during the remainder of his first term working with Congress to avoid the fiscal cliff, he need not wait until the start of his second term to further his vision for making US policy more supportive of global poverty reduction.
We can all agree that it’s unconscionable that, in 2012, there are still 1.3 billion people without access to electricity. But there’s also that pesky problem of greenhouse gases cooking our planet. So, the big question is: should we burn more fossil fuels like natural gas to help bring power to those without?
The great new frontier in the global fight against poverty is access to electricity. The UN has launched a campaign to provide energy for all and our friends at the ONE Campaign have issued an Energy Poverty Challenge (see Michael Elliott’s video here). According to ONE, some 70% of Africans don’t have access to modern energy.