It is time for an open, fair, merit-based process to appoint the next President of the World Bank. And I’ll explain below why I think the Europeans may, at last, break the cartel that has prevented this.
CGD Policy Blogs
The President Has Mostly Wiped out US Refugee Resettlement. Other Countries Aren’t Picking up the Slack.
The Trump administration has drastically cut US refugee admissions—effectively eliminating nearly half of the world’s total resettlement spots. New data analysis from Michael Clemens explores the implications of these policies.
If you own a bank account, chances are you are better off than a third of women worldwide. If that bank account comes with a nice app on your phone, you’re probably economically better off than 60 percent of women worldwide.
The scale of the humanitarian disaster in Venezuela is almost inconceivable. Despite the world’s largest proven oil reserves, the economy barely functions. People struggle just to survive. Store shelves are nearly empty of food, medicine and other necessities. The few goods available are out of reach for most people because of hyperinflation that the International Monetary Fund estimates reached a shocking 1 million percent in 2018. An estimated 3 million Venezuelans have already fled to neighboring countries, and more will likely join them.
Developing countries are seeking more control over their citizens’ data—leading them to policies that put the open nature of the Internet at risk, says a new CGD paper.
In 2019-20, donors will commit roughly $170 billion of public funding to an alphabet soup of international aid organisations, many of which their citizens may never have heard of. Each replenishment will be considered as a separate exercise, ignoring the reality that they are competing for limited donor resources.
Like the US, the World Bank needs its next president to save it—in this case from a slide into irrelevance and obscurity if this century’s new global challenges are not addressed head on.
As countries strive to achieve the Sustainable Development Goals, including attaining and sustaining universal health coverage, decision-makers are increasingly using economic evaluation to drive macro policy choices and more granular technology-focused decisions. In a recent study, we discuss what cost-effective analysis (CEA) and benefit-cost analysis (BCA) have in common and where they differ, especially in relation to universal health coverage, in terms of the perspective of the analysis and how the methodologies relate (or not) to the viewpoints of healthcare policymakers and budget holders in low- and middle-income countries (LMICs).
Economist Stephany Griffith-Jones on the role development banks can play in innovation, how they should interact with private actors and governments, and what new institutions can learn from their predecessors.
As dueling claims to the Venezuela’s presidency threaten to spark further violence and devastating economic and social turmoil accelerates, the exodus of Venezuelan migrants continues. In a context of increasing pressure and the possibility of larger inflows, the World Bank recently announced that Colombia is now the third country to be eligible for the Global Concessional Financing Facility (GCFF)—a partnership among the World Bank, United Nations, Islamic Development Bank, and others. The GCFF, which is hosted by the World Bank, offers highly concessional financing to middle-income countries hosting significant numbers of refugees. But financing is just the first step. It’s critical to learn lessons from past experience and ensure that policies are in place so that financing yields results and promotes self-reliance.