A strengthened OPIC—more efficiently deploying existing tools at no additional budget cost—would (1) increase US commercial access in emerging economies, (2) reflect economic, social, and political priorities in developing countries, (3) promote flagship US initiatives during austere budget conditions, and (4) support stability in fragile or frontline states.
After 33 years in power, Robert Mugabe is running for yet another term. To put this in perspective, jump forward to the year 2041 and imagine that President Obama is still President, has deployed the FBI, CIA, and US Marines to crush his domestic opponents, and is then running again for another term. Unthinkable? That’s the situation in Zimbabwe today. This is therefore a timely opportunity to shape U.S. policy, not only because Zimbabwe is facing a critical juncture, but also because I am increasingly concerned our government may be sleepwalking down the wrong path. Before making recommendations for U.S. policy, let me make three analytical points.
This paper lists—and attempts to address—the most serious objections to Oil-to-Cash. The response to many objections is to ask about a plausible counterfactual (how do cash transfers compare to the alternative policy options?). Others warrant a clearer articulation of available evidence or ways to mitigate real worries through smart program design.
Nowhere Left to Hide? Stock Market Correlation, Regional Diversification, and the Case for Investing in Africa - Working Paper 316
Overall, regional indices have become increasingly correlated with the S&P 500 index. Africa lags behind this trend some, and that lag could present opportunities for investors and policymakers.