On average, a refugee is displaced for 10 years, and after being displaced for five years, the average jumps to more than 20 years. The world could no longer ignore this reality in 2015, when more than one million asylum seekers and migrants arrived to Europe seeking refuge and opportunity. The phenomenon, however, was nothing new for the numerous refugee-hosting countries around the world. These countries, many of which are in the developing world, are all too familiar with the limits of traditional humanitarian approaches—short-term, siloed, and focused on life-saving needs.
CGD Policy Blogs
I have previously suggested that the current design of the $2.5 billion World Bank/IDA Private Sector Window (PSW) seemed an inefficient use of scarce aid resources, didn’t follow the World Bank’s own guidance on disclosure and design of subsidies to the private sector, and is noncompetitive, nontransparent, and unstructured. In this blog post, I offer some ideas on how the World Bank Group could reconstruct the PSW towards real development impact in the next round of IDA funding, to be negotiated in 2019.
Last week, the United States Supreme Court heard oral arguments in Jam et al v. International Finance Corporation. At stake: the extent to which international organizations including the IFC enjoy immunity from prosecution in US courts.
President Donald Trump gave a broad speech today on immigration and U.S. immigration and asylum policy. I review a few statements from the speech that are based on common immigration myths.
In most developing countries, China's role as a creditor is modest—but in eight of the most debt vulnerable countries, Chinese lending is significant and growing fast.
An article of faith among development economists is that “evidence-based policy” holds the promise of faster progress. Barbara Bruns set out to find a rigorously evaluated pilot whose evidence had led to a program at scale. It wasn’t easy.
Donors are considering a proposal for a new “innovative finance mechanism” to increase funding for education, based on recommendations from Gordon Brown’s Education Commission. We agree that we need to finance an expansion of education in the developing world. But sadly, the International Finance Facility for Education (IFFEd) proposal is too good to be true. Using donor guarantees to increase lending by multilateral banks could increase the supply of loans—but there are simpler ways to do that without setting up a new facility.
Country efforts on the SDGs since 2015 are off-track, say Amanda Glassman and Liesl Schnabel. As the second UN Data Forum kicks off in Dubai, they call for a greater focus on the completeness, accuracy, and availability of data.
The UK Secretary of State for International Development Penny Mordaunt spoke powerfully last week about the opportunities for expanding investment in developing countries, including through CDC, the UK’s development finance institution. But a new proposal to count the reinvestment of returns on development finance towards the aid target would contradict the principle underpinning the rules on measuring aid, reduce the UK’s aid effort, and create volatility for other aid (and HM Treasury).