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European Union members are collectively the largest aid donor in the world and give over half of global aid, and the EU’s policies have a major bearing on global development—from migration, to trade, agriculture and security. CGD is bringing its innovative thinking and evidence-based, practical propositions to the unique European context.
This report examines the impact of the REDD+ agreement between Guyana and Norway on indigenous communities in the country. It aims to understand the concerns, hopes, and fears of indigenous communities at the start of the agreement, and the effects, if any, that communities have faced from REDD+.
As waves of migrants have crossed the Mediterranean and the US Southwest border, development agencies have received a de facto mandate: to deter migration from poor countries. Will it work? Here we review the evidence on whether foreign aid has been directed toward these “root causes” in the past, whether it has deterred migration from poor countries, and whether it can do so.
One needs just to look at the newspaper headlines to see that the problem of migrants is growing daily in Europe and that its gravity is greater than before. The number of migrants this year has already exceeded 100,000 (about 15 percent higher than the last, record, year); the number of the dead has reached at least several thousand although the statistics are murky since no one has incentive to compile them. People just die in desert or sea and no one cares. Practically every European country thinks about either deporting the migrants, making the asylum laws more difficult, or simply shutting the borders.
Not to be melodramatic, but the official system for counting foreign aid is in crisis. The longstanding mathematical rule determining whether a loan’s interest rate is low enough to qualify it as aid has gone out of sync with the times. The rule’s benchmark interest rate of 10% per year was reasonable when adopted in 1972, but not now. Today, wealthy governments can borrow below 3%, lend a couple percent higher, come in well under the 10% bar, and count the potentially profitable lending as aid.
A young French leader not bound to the policies and programs of the established parties—even in the event of a coalition government with other parties—presents a real opportunity, which includes deepening France’s commitment to international development.