This is a guest post from my colleague Liliana Rojas-Suarez based on her presentation at last week's public discussion of the global implications of the microcredit crisis in India.
CGD Policy Blogs
This year’s annual UN climate conference concluded in Cancún, Mexico, in the early hours of Saturday. It has not been a game changer in getting the ambitious action the world must take to limit the risks of climate change. Yet, it has made welcome headway in solidifying and fleshing out some of the ideas negotiated last year in Copenhagen, carved out smart pragmatic progress on transparency and institutions, and revitalized a moribund negotiation process.
Today, the Global Fund to Fight AIDS, Tuberculosis and Malaria announced an intriguing new partnership with the Dow Jones Indexes – a new line of stock market indices. These new indices – led by the flagship Dow Jones Global Fund 50 Index – will measure the performance of the largest companies worldwide that support the Global Fund’s mission. They have already concluded licensing arrangements wit
A new approach to investing is seeking to connect investors with businesses that both make a profit and provide goods and services that advance development. Just what is impact investing? How big can it get? I’m joined this week by John Simon, a visiting fellow here at the Center for Global Development.
This is a joint post with Ross Thuotte.
Two countries alone hold over 25 percent of Sudan’s crippling $35 billion debt burden. I’ll give you three guesses at who they might be. China? United States? France? All would be reasonable choices. But, they also would be wrong. In fact, Sudan’s two largest creditors are Kuwait and Saudi Arabia. Sudan owes the Kuwaiti government roughly $6 billion and the Saudi Government over $3 billion. Despite a flurry of recent loans, China is only number five on the list. These rankings represent more than monetary values owed – rather, they illustrate who will have the most important voices around the debt workout table when the time comes.
This weekend, children in Nicaragua received Advance Market Commitment (AMC)-financed pneumococcal vaccines that protect against the strains of pneumonia, meningitis and sepsis common in poor countries. Thanks in part to the AMC, the new and improved pneumo vaccines will reach the world's poorest children during the same year children in wealthy countries obtained access, and at a fraction of the price.
As NASA reports the hottest year ever, the Cancun climate talks have concluded with modest but important steps toward transparency in carbon emissions reporting and funding for adaptation and mitigation. Mexico played an exemplary role in hosting the talks and fostering the agreements, and Mexican Foreign Secretary Patricia Espinosa got a standing ovation for her
This is a joint post with Cindy Prieto.
As the Cote d’Ivoire standoff moves into Day Ten, pressure is mounting on Laurent Gbagbo who lost the election to Alassane Ouattara but refuses to stand down. The African Union and ECOWAS have suspended the country, and the United States and Europe have each threatened Gbagbo with financial sanctions, asset freezes, and travel bans unless he relents.
As cash becomes scarce and the junta more desperate, Gbagbo and his inner circle might try to quickly borrow money or start a fire sale. This would not only provide fuel for potential conflict, but also saddle the Ouattara government with new debts once they get in the seat. One additional way of squeezing Gbagbo and avoiding this outcome is contract sanctions, as proposed in the recent report of CGD’s Prevention of Odious Debt Working Group led by John Williamson, Michael Kremer, and Seema Jayachandran.
Twas two weeks before Christmas, when all through the town
Breaths were held expectantly, in the midst of a countdown.
With their keyboards ready, the bloggers abandoned all care,
Hoping that Secretary Clinton soon would be there.
The NGOs were nestled all snug in their beds,
Knowing the QDDR soon would be read.
And the Senate and House, with a sharp rap,
Had just left town for a long winter’s nap.
When out on the Mall there arose such a clatter,