The Biden administration has a unique window to capitalize on pro-transparency sentiment at home, and the reform momentum abroad, to implement a series of much-needed updates to the US domestic financial transparency apparatus.
As much as current US policy has sought to characterize China’s lending program in blunt and strictly negative terms, the reality is mixed.
Implement quick wins to re-establish US credibility and engagement in global health
A Plan to Address the COVID-19 Debt Crises in Poor Countries and Build a Better Sovereign Debt System
Swift and orderly action on international debt is a moral, political, economic, and security imperative for the United States. A series of disorderly and protracted debt crises would be catastrophic for the world’s poorest countries. A Biden administration can raise the G20’s ambition level to avert a global debt crisis and strive to forge a consensus around a COVID-19 debt framework.
A main objective of the compendium is practical: helping readers locate and choose different tools (and indicators) for different purposes. This includes providing a better understanding of the factors that affect country rankings produced by different tools and selecting among tools and indicators for monitoring a particular project. It also identifies gaps in WEE measurement that need to be filled and aims to promote harmonization among WEE stakeholders through a shared understanding of existing tools and what they measure.
In a recent CGD note, “Empathy and Client Relationships in Development Finance,” we emphasised the importance of development finance institutions (DFIs) investing in face-to-face contact and dialogue with their clients to build the empathetic relationships needed to deliver development outcomes. But, in the era of COVID-19, did we overstate our case?
COVID-19 and economic responses to it have amplified and changed the nature of development challenges in fundamental ways. Global development cooperation should adapt accordingly.
Accelerating Progress of Low-Income Countries Towards the SDGs: Balancing Realism and Ambition in a Post-COVID-19 World
The world is in the throes of a health, economic, and social crisis due to the COVID-19 pandemic. Slower global growth has significantly worsened the economic prospects for all countries, including the poorest ones. Low-income countries (LICs) are also finding it more difficult to service their external debt as well as to access private capital—concessional and non-concessional
An evidence submission on the Independent Commission for Aid Impact (ICAI).
If the ODA budget is to be cut, doing so will be painful, messy, and imperfect, but there is a way to wield the chisel well, says Ranil Dissanayake.
Can Better Procurement be the Key to Financing UHC? Potential Savings from Health Sector Procurement Reforms in Low- and Middle-Income Countries
Around the world, procurement processes—which are vital to ensuring an affordable, reliable, and high-quality supply of health products—remain fraught with obstacles.
Institutional and Political Determinants of Statutory Tax Rates: Empirical Evidence from Sub-Saharan Africa
This paper investigates the extent to which institutional and political factors explain statutory tax rates in sub-Saharan Africa (SSA). In particular, it examines the effect of regulatory quality, political accountability, political fragmentation, the electoral cycle, and ideological orientation on corporate income tax (CIT) rates as well as top marginal personal income tax (PIT) rates during 1990-2017
Countries provide aid for a variety of reasons, but if uncoordinated, the individual decisions of 30 OECD DAC donors and many more multilateral institutions can lead to wide and ineffective variations in how much aid countries receive.
We examine the behavior of Chinese government lenders in two debt rescheduling episodes: a “low stakes” case involving Seychelles and a “high stakes” case involving the Republic of Congo. The fact that the Republic of Congo was worse off after rescheduling its debts with Beijing underscores the importance of exposing these deals to public scrutiny before they are finalized and building borrower country capacity to negotiate more favorable deals.
To better understand how governments can use data to support economic development and inclusive growth while protecting citizens and communities against harm, we interviewed over 40 data policy experts from government, civil society, the private sector, development organizations, and the data privacy community over summer 2020. This paper synthesizes the views we heard into key themes and explores some of the questions and challenges that a policy and research agenda aimed at supporting effective government data use should consider.
This note explores what happens to the value of ODA loans if more realistic discount rates are chosen. In short, the value of ODA loans falls by over a half.
From Displacement to Development: How Colombia Can Transform Venezuelan Displacement into Shared Growth
This case study is part of the “Let Them Work” initiative by Refugees International (RI) and the Center for Global Development (CGD). It outlines the barriers Venezuelans face in Colombia to economic inclusion, the impacts of these barriers, and the steps that the Government of Colombia, international organizations, donors, and the private sector could take to overcome them.
This policy paper, part of the “Let Them Work” initiative, outlines the impact of COVID-19 on Colombians and Venezuelans alike, exploring the barriers both face to accessing the labor market. It then identifies practical ways in which the Government of Colombia, donors, international organizations, and NGOs, can overcome these barriers.