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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.

 

$50 Billion and Three Lessons from Development Finance CEOs

Last week, AEI, CSIS, and CGD hosted a terrific forum with the heads of the British, German, Norwegian, and American development finance institutions (DFIs). It was billed as “$50 billion in one room,” a reference to the vast amounts of capital that these organizations bring to the table for development. Here’s what I took away from the session.

Traffic Lights Could Help OPIC Balance its Three Competing Policy Objectives

America’s development finance agency is constantly being pulled in three directions. The primary mandate of the Overseas Private Investment Corporation (OPIC) is to promote development by catalyzing private capital from US firms in emerging and frontier markets. OPIC is also supposed to support US foreign policy by making commercial investments aligned with diplomatic, security, or democracy objectives. Lastly, OPIC must operate on a commercial basis so projects are both sustainable over the long-term and cost nothing to US taxpayers.

A New Anti-Corruption Strategy: Control Less, Verify Results More

I’ve been reading news of corruption scandals in Brazil with a great deal of sadness. I lived in Brazil during its return to democracy and experienced first-hand the hope and optimism that came with that transition. In a recent policy paper, I argue that decisions about funding projects in other countries should depend more on the results achieved by those countries than by formal actions meant to control corruption.