In the "olden days" before the turn of the 21st century, immunization was not exactly headline-grabbing. Fascinating science, yes. One of the fundamental ways to keep children healthy, yes. But the object of intense business strategy-making, a key part of the fight against sexually-transmitted disease, and the focus of glamorous gatherings of the philanthropic elite - not so much. A few recent news items suggest that it's a whole new world. For example:
CGD Policy Blogs
On Wednesday, UNAIDS published "Financial Resources Required to Achieve Universal Access to HIV Prevention, Treatment, Care and Support" to present the world with a bottom line: $50 billion a year.
Earlier this month (Sept. 12), the MCC Board of Directors approved a compact with Mongolia. The compact, coming in at $285 million, is the fourth largest compact per capita since Mongolia--while territorially quite large--is the least densely populated country in the world.
Wednesday kicked off the 2007 Clinton Global Initiative in New York, where the development poverati mingle with the holders of the global purse-strings to "match people with ideas and those who have the means to see them through." Building on Bill Clinton's philosophy of giving (Atlantic Monthly subscripti
On Tuesday, the Center hosted a breakfast discussion with Paul Collier about his new book The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It.
"Disappointing" is the only word to describe the news that sponsors of the STEP study, testing Merck's AIDS vaccine candidate, have discontinued the Phase IIb trial. Interim analyses showed that the product doesn't prevent infection or reduce the presence of HIV in the blood once someone is infected, calling a halt to tests of the most promising candidate in the field.
On November 12, the Millennium Challenge Corporation Board adopted the eligibility indicators to be used in the FY08 country selection round. The Board's final decision mirrors the recommendations put forward by the MCA Monitor team and we are pleased that they took the risk of leaving an empty spot in the Investing in People category in order to inspire creation of an education quality indicator.
Washington Post Editorial Gets it Wrong on the Volcker Report on Corruption and the World Bank; Financial Times Does Better
A Washington Post editorial today ( A Fight Over Corruption ) says that the new report by former Federal Reserve chairman Paul Volcker on the effectiveness of the World Bank's anti-corruption department, (the Institutional Integrity Department or INT)) "reserved its toughest language for the bank bureaucracy itself." The editorial then quotes from the report:
Can the growth of the middle class lower living standards for those who stay poor? The answer might be yes if people use their increased income to buy more of a good important to the poor, such as food or housing; prices may increase as a result, decreasing what the poor can afford to buy.