Policies put in place to counter financial crimes have unfortunately had a chilling effect on banks’ willingness to do business in markets perceived to be risky—due in part to the high price of compliance. Even as changes are being made to address this problem, financial institutions are developing solutions in the form of new cutting-edge technologies to help them comply better and faster with anti-money laundering regulations.
CGD Policy Blogs
Since 2008, programs for Reducing Emissions from Deforestation and Forest Degradation Plus (REDD+) have pioneered the use of performance payments to reduce tropical deforestation. While these programs generated hopes of slowing climate change and protecting indigenous peoples’ access to their lands, they also generated fears over misuse of funds, abuses of rights, displacement and commodification of the environment.
Teachers in poor countries earn far more, in relative terms, than teachers in the OECD—and several recent studies suggest their pay isn’t linked to skills or performance. But we also have growing evidence that high-quality teachers generate huge economic returns. The question is how to ensure high pay attracts high quality.
Aid allocation has been a topic of much investigation across several fields. In particular, many studies have looked at the patterns of development assistance for health (DAH). For example, a study by Hanlon and colleagues found that regional variations in DAH country allocations were only in part explained by differences in disease burden or income levels. If DAH allocation is not primarily driven by the health and financial needs of those receiving it, then on what grounds is it allocated?
UN Member States are gathering today in New York at the United Nations Headquarters for the first round of negotiations on the Global Compact on Migration zero draft. It is a once-a-generation chance to shape migration cooperatively, for mutual benefit. Global migration governance is, in its current form, unprepared and insufficient to manage future flows.
In the push for electricity access in the developing world, many policymakers are trying to figure out where on-grid or off-grid solutions make the most sense. My new paper asks 39,000 consumers in 12 African countries about their energy use and demand. The big takeaway: African consumers don’t view grid versus off-grid as a binary question.
DFID’s new education strategy to tackle the learning crisis prioritizes a pivotal part of any well-functioning education system: good teaching. It is obvious that any attempt to reform education systems cannot work if it does not generate effective teaching practices, which requires skilled and motivated teachers in the classroom.
The Trump administration delivered its FY 2019 budget request to Capitol Hill this week. Containing deep cuts to the international affairs budget, it looks a lot like a repeat of the FY 2018 request. And with a 30 percent reduction in topline spending, few programs were spared. Meanwhile, buried among the rubble are smart reform ideas that run the risk of being overshadowed—or even undermined—by the depth of the proposed spending reductions.
Debt relief is high on the Sudanese government’s agenda. This week’s budget proposals coming out of the White House indicate that Sudan may finally get its wish—but there’s something weird about where the money comes from. Here I offer an alternative.
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