Africa’s energy deficits are well known. But it’s very rare to hear policymakers talk openly about nuclear power on the continent.
CGD Policy Blogs
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.
What I Would Like to Hear from the UK Development Secretary: Making the “Fusion Doctrine” Work for the Poor
The Secretary of State for International Development, Penny Mordaunt, is giving a big speech this Thursday, setting out her strategic directions on development. She has already impressed many people in development by the way she has embraced the mission of the department while challenging some of its ways of working. She has also won plaudits for her deft handling of the important issue of safeguarding in development.
In the last international PISA assessment for math and science, Vietnam outperformed many developed countries, including the UK and the US. Yet Vietnam only has a small fraction of the GDP of these countries. Should other countries with similar income levels, such as Indonesia, be asking themselves: “Why not me?”