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Cannes G-20 Summit Founders on Europe’s Woes (Will Los Cabos Be Better?)

This is a joint post with Owen Barder

Whether future historians remember last week’s G-20 Summit in Cannes will depend on what happens in the weeks and months ahead. If the eurozone problems spiral out of control, Cannes will be to the coming crash as the 1933 London Economic Conference was to the Great Depression: a lost chance to avert calamity. If Europe muddles through, the brief association of Cannes with the G-20 will be soon forgotten and the resort will again be famous for its film festival.

Nigeria, SWFs, and the Resource Curse? Two New Papers

This is a joint post with Stephanie Majerowicz

Nigeria, perhaps the world’s poster child for the oil curse, is the latest country to deploy a sovereign wealth fund as a tool to try to better manage national income. At the same time, Nigeria is struggling with depleted savings and growing fiscal concerns, even in a time of high oil prices. Will the sovereign wealth fund help Nigeria get back on track? What are the chances it won’t be raided by politicians with short-time horizons, as in the past? Could cash transfers help? Two new background papers from CGD’s Oil2Cash Initiative look at these questions from different perspectives.

Development and the Cannes G-20 Summit

It’s G-20 time again, and once again the attention of the leaders of the world’s biggest economies will be largely preoccupied with shoring up the financial sectors in countries that are home to the world’s top billion. This is unfortunate but under the circumstances not entirely unreasonable. Financial crises in the rich world can have far-reaching consequences for poor people in the developing world, including weak demand for developing-country exports, sagging tourism and remittances, and tighter credit, which among other things makes it harder to finance trade.

World Bank Results Initiative: The U.S. Should Support It – But with Independent Verification Please

For more than two years, the staff of the World Bank have been developing a new lending instrument that would link financing to measurable results within countries. If approved, it would be the third instrument at the World Bank; the two that exist now are “investment loans” under which inputs, not results, are financed; and policy based loans, under which policy changes are financed.

Women, Development, and the Arab Spring: Moving from Protest to Political Participation

This is a joint post with Jessica Brinton

At a recent CGD breakfast with Johnny West on his new book Karama! Journeys Through the Arab Spring, our colleague Mead Over asked how women would benefit from the Arab Spring. Though he speaks Arabic and has spent 20 years in the region, West didn’t have much to share about the role and prospects of women. As West explained, he had very few opportunities to interact with women. Unfortunately, this is a piece of a broader reality: even when women have played a huge role in protest movements, they are rarely represented in accounts of the revolution.

The Millennium Villages Evaluation Debate Heats Up, Boils Over

The Millennium Villages Project, now underway in villages across Africa, is a keystone of United Nations efforts against global poverty. For years there has been a largely behind-the-scenes debate about how that project is evaluating its impacts. In the past week that debate suddenly heated up. A lot.

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