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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.

 

Nicolás Maduro speaks at a UN Human Rights Council meeting in 2015.

Why US Oil Sanctions on Venezuela Could Be Too Little, Too Late

The scale of the humanitarian disaster in Venezuela is almost inconceivable. Despite the world’s largest proven oil reserves, the economy barely functions. People struggle just to survive. Store shelves are nearly empty of food, medicine and other necessities. The few goods available are out of reach for most people because of hyperinflation that the International Monetary Fund estimates reached a shocking 1 million percent in 2018. An estimated 3 million Venezuelans have already fled to neighboring countries, and more will likely join them.

Stock photo of various currencies

How Will Donors Spend $170 Billion This Year and Next?

In 2019-20, donors will commit roughly $170 billion of public funding to an alphabet soup of international aid organisations, many of which their citizens may never have heard of. Each replenishment will be considered as a separate exercise, ignoring the reality that they are competing for limited donor resources.

Bogotá

Making GCFF Financing a Win for Venezuelans and Their Colombian Hosts

As dueling claims to the Venezuela’s presidency threaten to spark further violence and devastating economic and social turmoil accelerates, the exodus of Venezuelan migrants continues. In a context of increasing pressure and the possibility of larger inflows, the World Bank recently announced that Colombia is now the third country to be eligible for the Global Concessional Financing Facility (GCFF)—a partnership among the World Bank, United Nations, Islamic Development Bank, and others. The GCFF, which is hosted by the World Bank, offers highly concessional financing to middle-income countries hosting significant numbers of refugees. But financing is just the first step. It’s critical to learn lessons from past experience and ensure that policies are in place so that financing yields results and promotes self-reliance.

Top 10 worst-affected countries by gross decline in UK exports

Why a No-Deal Brexit Would Be Bad for Developing Countries

Last week, the British Parliament rejected the Prime Minister’s EU Withdrawal Agreement by a resounding 432 votes to 202, making the odds of a no-deal Brexit greater than ever. Having survived a motion of no-confidence, the government now has fewer than 70 days to devise an alternative exit plan that MPs will support. If it fails, then under Article 50, the UK will leave the EU without an agreement on 29 March.

Liliana Rojas-Suarez speaks at Global Economy in 2019: What Policymakers Need to Know, a CGD event.

How Will Increased External Uncertainties Shape Latin America’s Economic Growth and Stability in 2019?

As we start out 2019, a growing consensus has been forming among experts and market participants: the increased volatility in international capital markets and rising trade tensions of 2018 will not abate in 2019, and in fact may have adverse spillover effects on economic growth and stability of emerging markets and developing economies (EMDEs). How will this challenging international environment shape prospects for Latin America?

timeline of UK departments for development

Should the UK’s Development Department be Merged with Foreign Affairs and Trade?

Rumours have re-surfaced—perhaps as a result of Treasury kite-flying—that  the Government is considering merging its international-facing Departments as part of the coming spending review. We’ve argued in the past that the best approach to development policy is through an integrated approach to aid, trade and foreign policy. But merging DFID into the FCO at this time would be likely to diminish the UK’s global influence, damage its development effectiveness, and work against the idea of Global Britain.

Cranes in Vietnam

Trillions for the SDGs? Time for a Rethink

In 2015, the world enthusiastically signed on to the challenge of transforming billions to trillions of dollars of private finance for the Sustainable Development Goals (SDGs). The idea was to use public and private development aid to unlock much more commercial private finance for sustainable growth and poverty reduction in developing countries.

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