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Photo of the World Bank headquarters

Time, Gentlemen, Please

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.

Nicolás Maduro speaks at a UN Human Rights Council meeting in 2015.

Why US Oil Sanctions on Venezuela Could Be Too Little, Too Late

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.

Stock photo of various currencies

How Will Donors Spend $170 Billion This Year and Next?

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.

scale with question mark

The Right Tools for the Job: When to Use CEA and When to Use BCA for Evaluating Health Policies

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).

Bogotá

Making GCFF Financing a Win for Venezuelans and Their Colombian Hosts

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.

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