Ideas to Action:

Independent research for global prosperity

Publications

 

Grading Power Africa cover
October 26, 2016

Grading Power Africa

Power Africa has the potential to be transformative for millions of poor people and be the single biggest legacy in Africa for President Barack Obama. Observers now have roughly three years to reflect on the initiative: on what’s progressing well, what’s not, and where future risks may lie. While it is still too early to provide a complete analysis of outcomes, this report card provides a timely assessment at the close of this administration and an input to the next one. While the judgments of Power Africa are largely positive, the coming months will be crucial to keeping the effort on a positive trajectory.

July 7, 2016

Development Finance is the Future of US Economic Assistance

On July 7, CGD chief operating officer and senior fellow Todd Moss testified before the Senate Foreign Relations Committee at a hearing titled “An Assessment of US Economic Assistance.” Moss’s remarks emphasized the role development finance in promoting market solutions to pover

OPIC
May 24, 2016

How Does OPIC Balance Risks, Additionality, and Development? Proposals for Greater Transparency and Stoplight Filters

As the U.S. government’s development finance institution, the Overseas Private Investment Corporation (OPIC) provides investors with financing, political risk insurance, and support for private equity investment funds when commercial funding cannot be obtained elsewhere. Its mandate is to mobilize private capital to help address critical development challenges and to advance U.S. foreign policy and national security priorities. However, balancing risks, financial needs, and development benefits comes with tradeoffs.

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April 19, 2016

Inside the Portfolio of the Overseas Private Investment Corporation

The Overseas Private Investment Corporation (OPIC) is the US government's development finance institution.  Balancing risks, financial needs, and development benefits is riven with numerous tensions, statutory restrictions, and tradeoffs.  This raises an important policy question - how well does OPIC’s actual portfolio balance these competing goals?  Since much data about the OPIC portfolio is unavailable in an accessible format, we built the OPIC Scraped Portfolio database to address this question. 

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February 3, 2016

Alternatives to HIPC for African Debt-Distressed Countries: Lessons from Myanmar, Nigeria, and Zimbabwe

Despite the success of the Heavily Indebted Poor Countries (HIPC) in reducing the debt burdens of low-income countries, at least eleven Sub-Saharan African countries are currently in, or face a high risk of, debt distress. A few of those currently at risk include countries that have been excluded from traditional debt relief frameworks. For countries outside the HIPC process, this paper lays out the (formidable) steps for retroactive HIPC inclusion, concluding with lessons for countries seeking exceptional debt relief treatment.