Perhaps the least noticed, but most impactful, addition to the US foreign assistance toolkit in recent years has been the US sovereign bond guarantee (SBG). However, the Trump administration’s proposed FY 2019 budget leaves out any request for authorization of new SBGs—and it isn’t entirely clear why. As Congress begins to consider the FY19 budget request, I offer three recommendations on the SBG program so that its role in US foreign assistance going forward can be carefully considered.
CGD Policy Blogs
Tomorrow, USAID Administrator Mark Green heads to Capitol Hill to defend the Trump administration’s FY 2019 foreign assistance budget request. It won’t be easy. Lawmakers have pushed back hard against the drastic cuts to US global development and humanitarian spending proposed by the administration. Here are some specific issues I hope receive attention during tomorrow’s hearing.
Often overshadowed by the regional powerhouses that border it, Paraguay’s recent sovereign bond issuance of $530 million was five times oversubscribed, revealing that the landlocked country of 7.5 million people warrants more attention.
Christal Morehouse, Alla Volkova, and Silvia Fierăscu of The Open Society Foundation (OSF) have just issued a fascinating report on the gender breakdown of speakers at 23 high-level conferences across Europe—including nine forums, six conferences, four meetings, three summits, and a games and an ideas lab.
Senator Bob Corker (R-TN) and Representative Ed Royce (R-CA) have teamed up with Democratic colleagues Senator Chris Coons (D-DE) and Representative Earl Blumenauer (D-OR) to introduce new legislation that would reform US international food aid to deliver more help to more people in crisis, faster.
Early this month, CGD co-hosted a conference with the Inter-American Development Bank (IDB), highlighting progress, challenges, and lessons learned from the first phase of the Salud Mesoamerica Initiative (SMI), a seven-year-old results-based funding (RBF) partnership between donors and national governments in health. Uniquely, the event brought together country governments, external funders, intermediaries, and evaluators—from different stages of the program—to discuss motivations, results, issues, and lessons learned.
The Multiannual Financial Framework 2021-2027—which is currently underway—will largely determine the future post-Brexit UK-EU relationship on development post-Brexit.
Practicing What We Preach: 5 Ideas to Promote Gender Equality within and among Development Organizations
Earlier this week, CGD convened a candid conversation on gender equality in the workplace, encouraged development organizations to look inward and consider changes in our own practices, and highlighted persistent gender gaps in the sector. It was just a first step in what will be a longer journey for CGD and all development organizations to prioritize and realize the promises of equality and diversity.
Demand for development finance as a key complement to traditional aid is growing, but despite the impressive strength of the US private sector, the US government’s ability to respond—to date— has fallen short. The good news: Congress got the memo.
King's College London lecturer Alice Evans on how social change happens, the consequences of male bias for developing countries, and the larger takeaways of the "#sausagefest" incident for development experts.