Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Asset Recovery = Development Issue

As attention shifts from traditional foreign aid to private and domestic sources of finance for development, recovering stolen assets is not only a matter of justice but increasingly a development issue in its own right. That’s why organizations like the StAR initiative (a joint effort of the World Bank and UNODC) and NGOs like Transparency International and Global Witness have been making these points and successfully pushing the agenda.

It’s Halftime at the Global Fund

The Global Fund to Fight AIDS, Tuberculosis, and Malaria recently announced an ambitious goal of raising $15 billion in its fourth replenishment later this year, of which they hope the United States will contribute one-third ($5 billion, or $1.65 billion a year for three years).  So I was interested to see these two sentences tucked into the White House’s 2014 budget request: 

Budget Bonanza: What You Need to Know on Foreign Aid, Food Aid, and the IMF

 

Statutory deadlines and sequester disarray aside, we at last have President Obama's FY2014 budget request. It's not the grand vision that most budget requests are—instead, it's being touted (or derided) as a budget of compromise, particularly on the domestic front. Unlike a normal budget process, we already have the House and Senate budget resolutions, so this is broadly more about a longer-term fiscal agreement than about influencing specific FY14 funding numbers. 
 

Illicit Financial Flows and the Three Ts of the G-8 Agenda – Alex Cobham

The day before we recorded this Wonkcast news broke of an agreement between the United Kingdom, France, Germany, Italy, and Spain to pilot “multilateral automatic tax information exchange.” My guest, research fellow Alex Cobham, explains why this is so important, why financial secrecy and international tax law seem suddenly to be at the top of the global economic policy agenda—and why this could be especially good news for developing countries.