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CGD NOTES
February 02, 2022
USAID recently released a draft Local Capacity Development (LCD) Policy. While USAID routinely invests in interventions designed to strengthen local capacity, this is the first time the agency has attempted to articulate principles that will govern its approach and propose, in broad terms, the steps...
CGD NOTES
October 12, 2021
The phrase “giving with one hand while taking with the other” has rarely been more appropriate than in examining the UK’s recent approach to the aid budget. Under current plans, by increasing its contributions to the IMF’s concessional lending pot, the UK will actually reduce the amount of aid avail...
CGD NOTES
September 08, 2021
Unprecedented heat waves and wildfires in 2021 are a warning of worse to come and a signal that the tempo of climate change may be quickening. A warmer planet subject to frequent and destructive severe weather events will be less livable, the productivity of economic activities will suffer, and high...
CGD NOTES
August 19, 2021
Vietnam’s development since the early 1990s has given new life to the East Asian export-led growth model. For late starting economies, Vietnam’s experience provides valuable lessons not only on the policy initiatives that can deliver positive results, but also on the inevitable and the potentia...
CGD NOTES
July 15, 2021
After four years of neglect from the White House under President Trump—and declines in direct funding—climate has (re)emerged as a centerpiece of US global engagement and US development policy more specifically, as policymakers seek to support emerging economies to meet economic growth goals in a su...
CGD NOTES
March 29, 2021
As ministers and officials meet in the coming year, they will make new financing commitments on climate and promise to ensure all of their activities are “Paris-compatible”—against the backdrop of a global pandemic. Any new commitments on climate finance will need to balance existing development cha...
CGD NOTES
January 13, 2021
This note looks at cumulative historical emissions but adds two adjustments to quantify countries’ liability for climate damage. First, we use recent thinking on carbon prices to cost emissions. Second, we allow that cost to fall for historic emissions and include a cut-off to reflect the rising cer...
CGD NOTES
November 18, 2020
We examine the behavior of Chinese government lenders in two debt rescheduling episodes: a “low stakes” case involving Seychelles and a “high stakes” case involving the Republic of Congo. The fact that the Republic of Congo was worse off after rescheduling its debts with Beijing underscores the impo...
CGD NOTES
August 05, 2020
Two out of five low-income countries were in the grips of, or moving rapidly toward, unsustainable debt levels before the global pandemic. But the economic, financial, and fiscal effects of the pandemic have brought the day of reckoning for many countries much closer. The global financial commu...