Ideas to Action:

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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.

 

US Treasury Under Secretary Nathan Sheets Calls for Action on De-risking at CGD Report Launch Event

Last Thursday, Under Secretary of the US Treasury Nathan Sheets spoke at CGD about anti–money laundering policies and the problem of de-risking, in connection with the launch of a new CGD working group report on the unintended consequences of anti–money laundering policies for poor countries. Sheets’s comments were consistent with the report’s key recommendations including the need for better data and for clearer guidance from financial regulators and standards setters.

A Letter from Nancy Birdsall

Dear friends, colleagues, supporters of CGD,

I am writing to share with you my decision, after a healthy period of careful consideration, to step down as president of CGD in 2016, once a successor is in place. I’m pleased and excited about moving to a new chapter in my work life, as a senior fellow at CGD, with more time for research, writing and collaborating with incredible colleagues; and a new chapter in the other part of life, with more time and flexibility to travel and enjoy a large and still-growing extended family.

A Well-Intended Waste at Malta? The New EU-Africa Deal Will Do Little for the Migration Crisis

On Thursday, the leaders of 30 African countries signed a European Commission action plan tasking them–in exchange for a $2 billion “emergency trust fund”–to take back economic migrants looking to settle in Europe. If this sum is meant as a bribe, it is a bad deal. With remittances dwarfing foreign aid worldwide ($580 billion versus $135 billion in 2014), migration is a better deal for Africa than aid.

Hooray, Capital Controls Have Won. But That Just Might Reveal the Political Vulnerability of the TPP.

The newly released Trans-Pacific Partnership (TPP) text reveals that US trade negotiators have finally caught up with the IMF and others on the question capital controls. Unfortunately, by allowing for appropriate uses of controls on “hot money,” the TPP may have created new enemies within the powerful US financial services lobby, further jeopardizing political support for the agreement.

G-20 Leaders in Antalya Can Help Ensure a Successful Outcome in Paris

Under the rubric of “buttressing sustainability,” the Turkish presidency has placed development at the center of its G-20 agenda, with a special focus on climate change finance. As G-20 leaders assemble this weekend, with the UN climate summit in Paris just two weeks later, the conversation will undoubtedly focus on how rich countries can make good on their 2009 Copenhagen commitment to mobilize $100 billion for developing countries by 2020. How can G-20 leaders make the Paris summit a success? Here are three suggestions.

Girl Summit DC 2015: Takeaways and Next Steps

Last week’s Girl Summit DC focused on child, early, and forced marriage (CEFM), the consequences of the practice, and solutions that will allow girls to delay marriage and reach their full potential. The event generated discussion about potential solutions, and raised a number of issues CGD will be tackling through its new Gender and Development Program over the coming years.

To the G-20: Unleash the Potential of Digital Technology for Improving Financial Inclusion

Financial inclusion is a key development focus in Turkey’s agenda for the G-20 summit beginning this weekend (November 15). I am pleased to note that the international community’s efforts to broaden financial inclusion have continued to gain momentum since the 2010 G-20 Summit in Seoul, where the leaders of G-20 endorsed the Financial Inclusion Action Plan. The plan was built on the G-20 Principles for Innovative Financial Inclusion, which reinforced earlier recommendations in a 2009 report by CGD, Policy Principles for Expanding Financial Access.

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