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Blog Post
March 21, 2024
CGD's Gyude Moore speaks with Nick O’Donohoe from British International Investment and Frank Aswani from the African Venture Philanthropy Alliance about balancing local and international focus, the impact of a "funding winter," and how the public and private sectors can fill the financing gap for bu...
Blog Post
February 21, 2024
So: how do donor governments actually use their subsidies to the private sector to support mitigation and development projects around the world? The process usually starts with a private company (the project sponsor) asking a development finance institution (DFI) like the World Bank Group’s Internat...
Blog Post
December 15, 2023
The poster at the back of the fourth grade classroom asked, “what is your dream?” On cutout paper clouds students had written “doctor”, “teacher”, “football star”, but one in particular caught my attention, “to build a house for my mother.” My throat choked, imagining how precarious this child’s hom...
Blog Post
October 11, 2023
Budget support offers direct financing to a country’s treasury to create more “fiscal space” for public programs. It has constituted some 14 percent of ODA on average, increasing to over 20 percent in times of crisis. No aid modality is more controversial. Critics argue that, without earmarking fund...
Blog Post
July 27, 2023
Stephanie von Friedeburg of Citi and formerly the International Finance Corporation joins CGD’s Karen Mathiasen and Clemence Landers for a conversation on how to balance risk and impact in investment, why blended finance needs a rethink, and what mechanisms offer the most promising solutions to the ...
WORKING PAPERS
April 11, 2023
This paper focuses on the content and implementation of reforms to raise teacher quality in Peru in the period 2007-2020 in the hope that other countries facing the same challenges can benefit from this experience. We conclude with reflections on how education policy and education politics have cont...
Blog Post
August 04, 2022
At the July G20 meeting of finance ministers and central bank governors, a panel of experts (of which I was one) presented their report on the capital adequacy of the MDBs. Why care? the answer, quite simply, is that hundreds of billions of dollars are at stake. As with any bank, small changes in th...
Blog Post
April 28, 2022
The idea that shavings of public gold sprinkled like fairy dust on private investment projects would bring to life a giant array of infrastructure and services which in turn would gift us wondrous progress in development hasn’t worked out. It is time to drop the fantasy and focus instead on the test...
WORKING PAPERS
April 21, 2022
Education is one of the most important public goods provided by modern governments. Yet governments worldwide seldom perform well in the sector. This raises the question: Why do governments preside over poor education quality? This paper answers this question with evidence from Tanzania.