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Blog Post
March 31, 2022
The effort to recycle unneeded SDRs from wealthy countries to poor countries was dealt a major setback in an omnibus spending deal recently passed by the US Congress. The final measure failed to include language authorizing the US Treasury to recycle 15 billion SDRs, worth about $21 billion, to the ...
Blog Post
March 18, 2022
Nearly six months into the fiscal year, Congress finally delivered an FY22 spending bill last week. But even after stalled negotiations prompted worries that lawmakers would be unable to reach a deal at all, the final measure is something of a disappointment—failing to deliver sufficient resources t...
Blog Post
March 16, 2022
On March 14-15th, the US National Academies hosted a discussion on Africa-US science, technology, engineering, and math (STEM) university partnerships, as part of an effort to design a new partnership mechanism. The program opened with representatives from African institutions talking about their ex...
Blog Post
March 01, 2022
President Biden is scheduled to deliver his first State of the Union address before a joint session of Congress tonight. When it comes to foreign policy, Russia’s invasion of Ukraine is certain to take center stage. But we also expect President Biden will speak to ongoing efforts to curb the COVID-1...
Blog Post
February 07, 2022
At the UN General Assembly last fall, President Biden pledged to increase US support for international climate efforts to $11 billion annually, representing a quadrupling of funding from current levels. Beyond the political challenges of delivering on this commitment, there are important questions a...
POLICY PAPERS
February 07, 2022
Sovereign bond guarantees (SBGs) are an effective but underutilized instrument available to the US government in support of developing country partners. By protecting bond purchasers in the event of a foreign issuer country’s default, SBGs substantially reduce borrowing costs for developing country ...
CGD NOTES
February 02, 2022
USAID recently released a draft Local Capacity Development (LCD) Policy. While USAID routinely invests in interventions designed to strengthen local capacity, this is the first time the agency has attempted to articulate principles that will govern its approach and propose, in broad terms, the steps...
Blog Post
January 21, 2022
Aid alone will not resolve the humanitarian crisis in Afghanistan. Without a functioning financial system, many Afghans will remain unable to buy essential goods, including food and medicine. Humanitarian actors seeking to relieve the effects of these shortages will struggle to move money into and w...