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CGD Policy Blogs

 

Why Development Impact Bonds?

Development Impact Bonds come at a price: private investors provide upfront funding for social interventions and expect a return, including some compensation for the risk they are taking, if outcomes are delivered.  Is that price worth paying?  The second meeting of the CGD and Social Finance Development Impact Bonds Working Group recently considered this question in some detail.

The New Indian Politics: No Slowdown, No Panic

This piece originally appeared in the Financial Times on September 23, 2012 (gated) and is posted here with permission.

The Indian government’s recent reforms to reduce government subsidies and embrace greater foreign direct investment were unexpected and bold. Markets have rewarded them with surging stock prices and a rebound in the value of the rupee. The reforms may yet be reversed or diluted because of the political backlash. Their impact may be more symbolic than substantive. Nevertheless, they are significant in that they reflect changes in the operating assumptions of Indian politics.

U.S. Support for Sustainable Energy for All—Nigel Purvis

My guest on this week’s Wonkcast is Nigel Purvis, CEO of Climate Advisors, a visiting senior associate at CGD, and the co-author of a new CGD report “Energizing Rio+20: How the United States Can Promote Sustainable Energy for All at the 2012 Earth Summit.” We spoke last Friday following the launch of the report at a CGD event that concluded with a keynote address by UN Secretary-General Ban Ki-moon.