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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.

 

Aid Should Be Seen as Foreign Public Investment, Not Just Charity

International development has reached a crucial moment in its evolution. Given the great progress in much of the world in the past decade or so, the paradigm of north-south development assistance is now outdated. All countries are engaged in contributing to global development, supporting sustainability and poverty reduction locally, nationally, regionally and globally.

If the Cost of Sending Remittances Goes Up and No One Is Around to Measure It, Did It Really Happen?

The World Bank does maintain an impressively large database of remittance prices around the world, called Remittance Prices Worldwide, covering over 200 remittance corridors. It is a massive undertaking which involves surveying hundreds of remittance companies across 32 different countries roughly every quarter, but it turns out that the data only cover approximately half of the world’s remittances, even though the number of corridors covered has been slowly expanding every year. For Somalia specifically, while the database covers remittances from the United Kingdom, it only began surveying US firms this year, after the closure of bank accounts.