New results from a famous experiment in Kenya have sparked heated debate over whether lump-sum cash transfers have any long-term benefits for those who get them, or even do harm to neighbors who don’t.
CGD Policy Blogs
When the world’s finance ministers and central bank governors assemble in Washington later this month. they would do well to focus on another looming debt crisis that could hit some of the poorest countries in the world, many of whom are also struggling with problems of conflict and fragility and none of which has the institutional capacity to cope with a major debt crisis without lasting damage to their already-challenged development prospects.
Africa’s energy deficits are well known. But it’s very rare to hear policymakers talk openly about nuclear power on the continent.
This year’s IMF/World Bank Spring Meetings are just around the corner. In a rapidly changing development landscape, this year’s events at the Center for Global Development will focus on innovative and proactive approaches to addressing tomorrow’s development challenges today. We invite you to join us in conversation with finance ministers, top multilateral development bank and humanitarian agency officials, and global development thought leaders for discussions on topics ranging from migration to technology to education to development finance, and much more.
There is an urgent need to change PSW business models to maintain their financial sustainability while doing much better on mobilization and development impact. Two factors are critical for meeting this challenge: enhanced risk management capability and greater flexibility regarding risk-adjusted returns.
The Eminent Persons Group (EPG), tasked with making the system of international financial institutions fit for purpose in the 21st century, recently gave the G20 Finance Ministers a preliminary report on its work.The report is a bit long on generalities and short on specifics and, as my colleague Nancy Birdsall blogs, it mostly shies away from suggesting concrete adjustments in the way the multilateral development bank (MDB) system works now. Here are eight ideas that the EPG could propose that can be implemented in the next two years.
I’m disappointed by the update. But I’m also hopeful. Here are three concrete issues that the group could raise regarding the MDBs.
What I Want to Hear from the UK Development Secretary: How to Improve Whole-of-Government Aid Spending
Successive governments have long felt that UK Department for International Development (DFID) needs to work better with the rest of Whitehall. There have been efforts to join up better in government, sometimes successfully, but there remains a feeling in Whitehall that DFID is too tribal, too protective of its budget, and unwilling to roll up its sleeves to contribute to the government’s wider priorities including security, economic opportunities, and influence.