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Blog Post
September 06, 2022
Across Africa, every country has designed its energy mix to include a transition away from fossil fuels. How the different regions of the world contribute to a climate solution will become progressively more fraught given that culpability for the crisis is differentiated. Because African countries’ ...
Blog Post
August 25, 2022
The existing MCC income cutoff is based on the robust principle that the best buys in global development are concentrated in the world’s poorest countries. (Indeed, when the Corporation started, it only worked in low-income countries for that reason). There is a declining marginal utility of a dolla...
Blog Post
July 25, 2022
Few would question that building productive infrastructure has to be at the center of development goals, energy access, food security, and combatting and adapting to climate change. We just saw G7 countries make a bold commitment to infrastructure, launching the Partnership for Global Infrastructure...
Blog Post
June 30, 2022
The MCC is particular about which countries it supports. Among the requirements, Ukraine passes the agency’s (important and legitimate) hurdle that it only works in the world’s low- and lower-middle-income countries. It also passes a lot of other tests the MCC lays out for support, based on a scorec...
WORKING PAPERS
June 25, 2022
We use new, detailed oil data and an event-study design to analyze political change in 36 oil-producing countries that experienced at least 10 years of declining production. We find that when their production starts to decline, they become significantly more democratic, relative to both the overall ...
Blog Post
June 13, 2022
This week, the House Foreign Affairs Committee turns its attention to the resourcing needs of the Millennium Challenge Corporation and US International Development Finance Corporation—two agencies that fill distinct functions within the US development architecture. We’ll be listening for lawmakers’ ...
POLICY PAPERS
June 08, 2022
The push for the World Bank and others to link their investments to addressing climate concerns stems from a fear that, unless developing countries take action to decarbonize now, their economic growth will lead to vast emissions that will derail all global efforts to limit climate change.