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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.

 

Behind the Headlines: Toronto Summit(s) and Development

The G-8 and G-20 summits held in Canada last week yielded few headlines on development issues, but there was plenty of rhetoric about global interdependence and poverty reduction and a handful of promising, if mostly modest, development initiatives just below the media’s radar.

As expected, the G-20 declaration focused on when and how to unwind stimulus programs that helped to avert a global economic collapse, and on strengthening regulation of the financial sector to avoid a repeat of the 2008–09 financial crisis.

A Novel Approach to Mobilizing SME Capital—Let the Private Sector Lead

No surprises on the G-20 front.  Deficits and financial sector reform dominated the headlines coming out of last weekend’s Toronto Summit.  Development appeared largely as an afterthought.  Even though my heart and head are hopelessly hitched to development policy, I think the focus was about right.  Ensuring robust recoveries in G-20 nations will do more to support growth in poor countries than endlessly rehashed debates about global aid flows.  Leave that for the UN MDG Summit this September.  That said, the G-20 did do something small worth highlighting.  Tucked away unobtrusively in the

Kimberley Process Keeps the Door Open for Zimbabwean Democracy

This blog post also appeared on the Huffington Post.

For four days, forty-nine Kimberley Process members were holed up in Tel Aviv contemplating Zimbabwe’s future. Countries like South Africa, Israel, the European Community, and the United States were deadlocked over whether to continue their existing export ban on Zimbabwean diamonds. What’s at stake is much bigger than diamonds. It’s about corruption, repression, and freedom. A vote to rescind the diamond ban could have slammed the door shut on a truly democratic future for Zimbabwe’s people. It would have been a massive coup for Robert Mugabe and his security force allies. And a death blow to those who have sacrificed everything for change. Thankfully, the Kimberley Process members sided with the forces of democracy. The diamond ban will stay.

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