Ideas to action: independent research for global prosperity
Biden’s Visa Breakdown
December 12, 2022
America’s dysfunctional visa system threatens a White House Summit—and US national security.
What Can We Learn from the DFC’s 2021 Energy Project Approvals?
March 03, 2022
The US Development Finance Corporation (DFC) works to spur private investment in support of foreign policy and development goals. The DFC opened its doors in January 2020, built on the foundations of the former Overseas Private Investment Corporation (OPIC) and USAID’s Development Credit Authority. ...
Why the Climate Panic About Africa Is Wrong
December 06, 2021
As climate pledges pile up, a worrying theme is emerging that bold efforts by rich nations to decarbonize the global economy will be ruined by hordes of new consumers in the developing world buying cars, installing air conditioning, and taking planes. China’s and India’s rapid development and steep ...
The DFC, World Bank, and How a Nuanced Compromise on Gas Financing for Poor Countries Could Quietly Become a Blanket Ban (Hint: Ask the Kosovars)
September 27, 2021
The debate over whether development finance should be allowed for downstream gas projects appears to be settling toward a compromise that makes such investments rare but not impossible. But will it be so in practice? Lessons from a previous (eerily similar) compromise suggest that any flexibili...
Secret Electricity Contracts Hurt Consumers, Citizens, and Climate
September 01, 2021
In 2019, Ghana paid an estimated $620 million for electricity that the country did not need or use. That’s a sign of the damage done by secret deals for power.
The Case for Transparency in Power Project Contracts: A Proposal for the Creation of Global Disclosure Standards and PPA Watch
August 13, 2021
The purpose of a nation’s power sector is to deliver reliable electricity at the lowest cost and for the greatest benefit. At the heart of any private electricity generation project is a Power Purchase Agreement (PPA), a contract that contains key provisions such as price, payment stipulations, and ...
How Congress Is Turning DFC into an Agency Serving Poland and Israel but not Senegal or Ghana
June 30, 2021
The US International Development Finance Corporation (DFC) is the $60 billion agency that’s supposed to catalyze investment to capital-starved countries, bolster job-creation in emerging markets, and support US foreign policy. The BUILD Act which created the DFC was a bipartisan bill, carefully craf...
The Urbanization Pivot for US-Africa Relations: Proposing the Great Cities Partnership
April 19, 2021
The Biden administration’s policy anchors—responding to climate change, investing in American competitiveness, and supporting global economic recovery—must extend to US policy in Africa.
Bitcoin Mining is Bad for the World: The Limited Options for Addressing the Problem
April 12, 2021
Bitcoin has failed to live up to the hype that it would democratize finance by enabling cheap, instantaneous, and secure payments that could be conducted without having to rely on stodgy old financial institutions like banks and credit card companies. And the Bitcoin network’s spiraling energy needs...
How the DFC’s New Energy Investments in Mozambique Show the Agency’s Balanced Approach
September 16, 2020
We see six major benefits of these investments for both Mozambique and the new US agency that cut across development, economic, and security interests, outlined below.