Nuhu Ribadu testifies before the Senate Foreign Relations Subcommittee on African Affairs about the U.S.-Nigeria relationship in a time of transition, focusing on how the United States can help Nigeria continues on a path of democracy and stability.
Cynthia B. Lloyd, Ruth Levine, and Miriam Temin, authors of reports in CGD’s Girls Count series, call on Irina Bokova, Director-General of UNESCO, to push for global and national action to increase the commitment and funding to support adolescent girls’ education. Increasing girls’ chances of attending and completing school leads to long-term economic betterment for themselves and their families.
In this essay, visiting fellow Desmond Bermingham describes the framework for a better “global education compact” between donor and recipient nations and four possible arrangements to mobilize and allocate development assistance for education. He highlights the advantages and disadvantages of these options—all with the motivation of informing decisions that must be taken by the United States and other G-20 countries if donor commitments are to be met.
Financial Integration and Foreign Banks in Latin America: Do They Amplify External Financial Shocks? - Working Paper 203
This paper explores the impact of international financial integration on credit markets in Latin America. The overall effect is positive, but the foreign banks do tend to amplify the impact of foreign shocks on credit and interest rates. Important policy recommendations include ring-fencing mechanisms, early-warning systems, and the incorporation for agreements between domestic and foreign supervisors.