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CGD Policy Blogs

 

On Sudan Debt: Devil Is in the Details

This is a joint post with Wren Elhai.

What everyone was expecting is now official. On July 9th, South Sudan will become the world’s newest country. But while the date is certain, there are still plenty of details to be worked out. There is no deal as of yet on sharing Sudan’s oil wealth, or on its nearly $40 billion in external debt. Successful resolution of the debt issue acceptable to both north and south and the international community is crucial to the success of the new nation and to avoiding a resumption of the long and bloody civil war.

COD Aid Called Radical and Refreshing

In a refreshing discussion of COD Aid that’s what Andrew Rogerson calls our idea.  Rogerson is an experienced player in aid delivery, having been at DfID and the OECD/Development Assistance Committee.  His smart summary covers the latest news, including a pilot of COD Aid for Ethiopia being planned at DfID.  It is smartly presented (as in COD implies for the recipient “no free lunch”), with an eye on the practical questions sponsors of COD Aid face.

Who Gets the Debt If Sudan Splits? Ben Leo

Ben LeoA 2011 referendum in Southern Sudan will determine the sub-nation’s independence – and it’s just one month away. Ahead of the South’s possible secession, Sudanese leaders are scrambling to find solutions to a host of questions, a critical one being: What should be done with Sudan’s crushing $35 billion external debt burden?

World Food Program Finance Innovation Could Cut Hunger

This is a joint post with Owen McCarthy.

At the next meeting of its Executive Board in Rome on November 8, the management of the World Food Programme (WFP) will propose an expanded financing facility to the tune of $557 million to fund advance purchases of food. This is a welcome news that has the potential to cut hunger, by stretching WFP dollars and speeding deliveries.

At the United Nations MDG Summit: Don't Forget MDG 8 and Trade!

This is a joint post with Kaci Farrell.

Later this month, world leaders will meet at the UN in New York City to discuss accomplishments and challenges to meeting the Millennium Development Goals (MDGs) by the 2015 target. While their discussions will cover a range of topics and strategies, summit participants should remember the importance of trade as a development tool.

Trade preference programs can encourage investment, promote prosperity and ultimately reduce poverty in the world’s least developed countries.

Where Is the Go in AGOA? Some Ideas for Promoting U.S.-African Investment

This is a joint post with Ben Leo.

It’s the season for trade talks with Africa again. The annual AGOA Forum, which opens today, is one of those ideas that sound terrific: assemble all of the relevant U.S. and African policymakers to discuss ways of generating greater commerce. Last year the forum was in Nairobi; this year it’s two days in Washington and then three days in Kansas City (consistent with the administration’s food security focus).

Liberia’s Debt Relief Party

This week, Liberians celebrated in the streets – faces painted, drums blaring, and dancing with abandon.  They’re not rejoicing over some recent triumph by the Liberian soccer team or a local festival.  The streets of Monrovia were overflowing because of debt relief.  That’s right, debt relief.  On Tuesday, Liberia secured nearly $5 billion in irrevocable debt relief from the World Bank, IMF, African Development Bank, and bilateral creditors.  It’s a massive sum

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