I have always chafed at the idea of “capacity building” – a donor fallback in developing countries whenever progress on a donor-financed project is slow. Too much of what donors mean by capacity building has turned out to be training sessions, workshops, and nice trips of mid-level technical staff from low-income countries to Paris, London and Washington.
CGD Policy Blogs
Our most common intuition about migration and development is just as clear: more development must cause less migration. Won’t economic growth in, say, Haiti mean that fewer Haitians want to leave? This seems as plain as the sun crossing the sky, but the data simply do not support it.
Min Zhu, first deputy director of the International Monetary Fund (IMF), includes this amazing and terrifying chart of Latin America’s growth record in a recent blog post on the IMF website.
Carrots for Ukraine, Sticks for Russia: What the International Financial Institutions Can Do in Response to Crimea
The IMF, World Bank, EBRD, and the European Investment Bank have all emerged as significant players in the dramatic events in Ukraine in recent weeks. The Obama administration has very visibly sought to educate Congress on the central role of the IMF in helping to shore up the country’s shaky economy. And the three development banks have figured prominently in press releases coming from the European Union and the United States as a demonstration of the international community’s support for Ukraine’s interim government.
After a brief respite during the coalition government, Zimbabwe's economy, now firmly back in the hands of Robert Mugabe's ZANU-PF, is once again teetering.
The Multilateral Investment Fund (MIF) of the Inter-American Development Bank is launching a new $5.3 million facility to support Social Impact Bonds in Latin America and the Caribbean, making it the first development finance institution to commit resources to implementing SIBs.