Search

In August last year, I made a modest proposal to China’s Minister of Finance regarding IDA, the soft lending arm of the World Bank that works with the poorest countries. I suggested China might want to become an equal IDA shareholder to the US. While Beijing did increase its contribution in the sub...

The Trump administration insists it is preserving life-saving assistance as it dismantles USAID. The evidence to date is that it is failing in that task—significant award cancellations and payment delays mean that people are dying. The administration’s proposed budget (which includes a 62 percent cu...

The US pays—by far—the highest prices for on-patent prescription drugs of any country on earth. The White House just issued an executive order purporting to fix this problem. But the proposed solution—that the US should pay the “most-favored-nation” price for prescription drugs to “bring prices fo...

On April 22nd, MCC staff were told the agency would be effectively shuttered, with most work immediately suspended. The agency’s model means its spending is concentrated in a few countries. For a subset of those countries, the impact will be considerable.

In response to the news that the US foreign aid agency the Millennium Challenge Corporation (ranked by Publish What You Fund as the world’s most transparent bilateral agency) is to be shut down, several CGD experts provided reactions.

We’ve previously looked at the sectoral and geographic impact of the proposed USAID award cuts. But for those who want to see US foreign assistance back on its feet, it is also worth looking at the impact on awardees—the firms, nonprofits, and international organizations that implement USAID projec...

There remains a lot of uncertainty regarding the status (and legality) of USAID award and staff terminations to date, and even more around the administration’s reorganization plans. But assume things work out as the administration hopes: USAID staff are all fired and the agency is shut down by the e...

It would be better for the US and global economy if the new tariffs were rolled back everywhere. But it would at least help continue the journey to self-reliance through greater potential for export-led growth if the poorest countries, economies that are utterly marginal to the US trade deficit and ...

Yesterday, President Trump announced a sweeping change to US trade policy, imposing tariffs larger than those enacted under the Smoot-Hawley Tariff Act that helped deepen the Great Depression. US markets are responding based on the implications for US business and consumers. But the consequences for...