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The G20’s Commitment to Basel III: How will Emerging Markets be Affected? A New CGD Working Group Investigates

CGD is establishing a high-level Working Group, composed of leading experts on Basel III and economic development, that will identify challenges for emerging markets’ financial stability and development derived from the global implementation of Basel III. Effective and appropriate implementation of Basel III’s recommendations could make a huge contribution to global financial resilience with the attendant benefits for development progress. The G20’s commitment on this issue is welcome.

Stay tuned for more on our Working Group’s progress in the coming months.

The G20 Bets on Women Entrepreneurs

The Women's Entrepreneurship Facility (We-Fi) announced at the G20 Summit stands out as a tangible initiative to help address a significant, but often ignored, constraint to growth and job creation—the wide global gender gap in starting and growing businesses. It is telling that, at a time when growth and inequality are core economic concerns, G20 countries have chosen to place an important bet on women entrepreneurs.

Financial Stability Board Echoes CGD Finding on Decline in Correspondent Banking

The Financial Stability Board's long-awaited report finds that the number of active CBRs has declined by 6 percent since 2011 and has continued through 2016, affecting all regions and major international currencies. The analysis suggests that small economies are among the most affected by CBR withdrawal. The bottom line: the decline of correspondent banking relationships, especially with smaller and poorer countries, remains an important policy issue.

Travels on the Digital Frontier: Field Notes from Karauli, Rajasthan

The state of Rajasthan in north India has become the digital frontier, with a program that registers all family members under a single identity document known as the “Bhamashah Card,” but it still has to overcome significant challenges of poverty and inequality. In a state that is similar in size and population to Germany, it is no small achievement to take on the ambitious task of providing each family with a unique ID and deliver it within a short span of three years.

Progress on Global Development Commitments, or More of the Same? CGD Experts Share Hopes and Predictions for 2017 G20 Summit

Each of the G20 summits of the past seven years has suffered in comparison with the London and Pittsburgh Summits of 2009, when the imperative of crisis response motivated leaders, finance ministers, and central bankers to coordinate effectively with each other. Subsequent summits have lacked the same sense of urgency and have failed to deliver any kind of agenda that can be pinpointed as clearly as “saving the global economy.” This week’s summit in Hamburg, Germany promises more of the same, with the real possibility that the G20’s stock could fall even further at the hands of a non-cooperative US delegation.

Six Months out from Demonetization: Is Digital Finance in India’s Future?

Today, June 30, marks six months from the day Indians had to change their old 500 and 1000 rupee notes following the “demonetization shock” announced by the government. The turmoil in the economy has since calmed to a large extent. In the past six months, the government also launched a concerted effort to wean Indians away from cash as the preferred method of payment for transactions.

Global Agriculture and the American Farmer – Podcast with CGD Author Kim Elliott

The US agricultural sector is critical to global food security, but many of the policies that currently govern it negatively impact people around the world. In a new book, CGD visiting fellow Kim Elliott argues for practical policy reforms in three areas that are particularly damaging to developing countries: food aid, biofuel subsidies, and antibiotic resistance in livestock. As the US Congress works through a major new farm bill, Elliott joins the CGD Podcast to discuss how the US can reform agricultural policy to achieve better outcomes. 

How to Tackle the UK's Chronic Nursing Shortage—and Help Development

What if there were a way to reduce the nursing shortage in the UK in a way that is good for the National Health Service (NHS), good for developing countries, and good for nurses? We believe this is possible, with something called a Global Skills Partnership, that uses UK aid in a win-win partnership with developing countries. In this blog post we explain exactly how it could work to relieve the strain on the UK’s beloved NHS, and how such an idea might be replicated in other countries and other contexts.

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