Ideas to Action:

Independent research for global prosperity

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.

 

How Should Donors Work with the Private Sector?

We are enthusiastic about the growing interest in supporting private investment in developing countries, but it matters a lot how this is done. The sorry history of failed and distortionary partnerships should tell us something about how donor countries can do a better job of working with the private sector.

Should Sovereign Wealth Funds Finance Domestic Investment?

Countries have traditionally invested their sovereign wealth in securities of major markets able to provide dependable returns and macroeconomic stability, but some are now investing more sovereign wealth domestically because of diminished returns in major markets and new investment opportunities at home. 

Why Development Impact Bonds?

Development Impact Bonds come at a price: private investors provide upfront funding for social interventions and expect a return, including some compensation for the risk they are taking, if outcomes are delivered.  Is that price worth paying?  The second meeting of the CGD and Social Finance Development Impact Bonds Working Group recently considered this question in some detail.

The New Indian Politics: No Slowdown, No Panic

This piece originally appeared in the Financial Times on September 23, 2012 (gated) and is posted here with permission.

The Indian government’s recent reforms to reduce government subsidies and embrace greater foreign direct investment were unexpected and bold. Markets have rewarded them with surging stock prices and a rebound in the value of the rupee. The reforms may yet be reversed or diluted because of the political backlash. Their impact may be more symbolic than substantive. Nevertheless, they are significant in that they reflect changes in the operating assumptions of Indian politics.

President Sirleaf’s Ambition for Liberia: Aid-Free in a Decade

CGD had the honor and privilege of hosting Liberia’s President Ellen Johnson Sirleaf—the first elected female head of state in Africa—on June 23.  At the event, President Sirleaf set a hugely ambitious goal of being aid-free within ten years. Given that aid currently accounts for more than half of GDP, this would imply serious increases in other sources of revenues, but it’s a well-calibrated message both to Congress and to audiences back home.

New and Improved: Much Ado (and To Do) about Innovation in Development

“Innovation” is popping up everywhere you turn these days. In her recent speech at the Center for Global Development, Secretary Clinton cited “innovation” as one of the priorities of U.S. development policy. Both the White House Office of Science and Technology Policy and the Department of Treasury are exploring ways to more systematically include “innovation” in the development agenda. The G8 is rumored to be launching an “innovation and development” initiative for Africa at its next meeting.

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