Last week, Nigerian President Buhari and President Obama spoke at length in the Oval Office. Much of the discussion focused on defeating Boko Haram and rooting out corruption in Nigeria. Yet, President Obama’s Power Africa Initiative, which aims to help provide access to 60 million households and businesses across Africa, was also high on the agenda.
CGD Policy Blogs
Why should global development policy be important to the next US President? This is what we’re asking in today’s CGD Podcast. And what should the next administration do to make sure the US retains and reinforces its influence with developing nations?
Last week, President Obama’s Global Development Council (GDC) released a second report calling for bold, as well as incremental, reforms to “make US development efforts more catalytic and innovative.” This is a high-powered group of outside thinkers and doers, and their recommendations are excellent.
Jobs and economic opportunies are increasingly at the top of developing nations' agendas. According to CGD senior fellow Ben Leo, China and other emerging market nations are aligning their development tools and activities with these new priorities.
Congress will soon make some big trade policy decisions that impact Sub-Saharan Africa. The Africa Growth and Opportunity Act (AGOA), which provides duty free access to the $17 trillion US market for qualifying African countries, is set to expire this fall.
The results are in, and they are a doozy. The Senate flipping to Republican control turns attention to whether the new Congress will send common sense legislation for President Obama’s signature. Domestic policy issues like Obamacare or tax reform clearly will dominate Congress’ agenda, yet development and foreign policy champions will be assuming (or retaining) key leadership positions. Many have been thinking long and hard about ways to push America’s agenda abroad. Now’s their chance.
Last week, a high-powered group of investors, foundations, and academics called for the establishment of a US Development Finance Bank – which would combine existing programs at the Overseas Private Investment Corporation (OPIC), USAID, the US Trade and Development Agency, and the Treasury Department.