How much do rich countries’ policies help or hinder the world’s poorest people? That’s what CGD’s Commitment to Development Index (CDI) measures.
CGD Policy Blogs
Overseas development assistance amounts to about $135 billion dollars annually, but the cost of paying for the Sustainable Development Goals will be in the trillions. As a result, blended finance is something of a buzz phrase these days. I left a workshop on blended finance last week in Paris excited about the potential of these new structures and instruments to deliver social returns. But I was also struck by the challenges DFIs and their advocates must overcome in order to fully realize that potential.
Next week, the G-20 Leaders will meet in Antalya, Turkey, to continue their conversation about the importance of financial inclusion in achieving strong, sustainable, balanced economic growth. One item on the agenda will be the cost of remittances. In 2009, G-8 Leaders set a goal of reducing remittance costs to 5 percent within 5 years, roughly a 5 percentage point decrease.
Imagine a world in which children in Zambia, Bolivia, and Laos have the same chance to survive, grow, and thrive as their peers in Canada or Europe. Such a world sounds nice, to be sure, but probably quite far out of reach. Yet according to the Lancet Commission on Investing in Health, that “grand convergence” between poor and rich countries is achievable within our lifetimes. This is a remarkable and unique opportunity, one unprecedented in human history.
No one said creating development impact bonds (DIB) was going to be easy, but that hasn’t stopped the development community from trying to get them off the ground. The Fred Hollows Foundation, based in Australia, has been hard at work on a DIB to address cataract blindness in Africa. As the Foundation attracts partners to help fund and implement a pilot of the cataract bond, Dr. Lachlan McDonald, the Foundation’s senior health economist, and Alex Rankin, their Global Lead for Policy, Advocacy & Research, shared some lessons learned so far. With Lachlan and Alex’s permission, we’re turning some of those lessons over to you – we hope they’re useful to others seeking to move ahead with their own DIB.
The Financing Development for Development Conference is well under way, and this week's podcast comes to you direct from Addis to give you an update on the negotiations. Owen Barder, who has been in on the conversations, tells you what's being discussed and the likelihood of meaningful results being reached.
In Washington, rumor has it that the United States will bring commitments on domestic resource mobilization (DRM) and data to the table at the Financing for Development Conference this month in Addis Ababa, Ethiopia. As we get down to the wire, our fingers are crossed that the US government will take this opportunity to be ambitious and offer robust packages in both these areas. Here’s what that could look like.
In Health Spending, Middle-Income Countries Face a Priorities Ditch, Not a Financing Ditch – But That Still Merits Aid
After a successful replenishment earlier this year, the board of Gavi, the Vaccine Alliance, is thinking through how to maximize the impact of the money it has raised. One hot issue is graduation from Gavi support. Currently, the Alliance uses an income cutoff loosely based on eligibility for IDA — soft loans from the World Bank.
I’ve been sitting in lots of meetings and covering paper with lots of ink recently about the Sustainable Development Goals and Financing for Development. And when the topic of aid comes up I nod sagaciously along with others in the room when someone says “well, of course, there won’t be any more aid coming out of the Addis financing conference, it is all about redistributing the pot.” Sometimes I’m the one to write or say it, then have a brief chat about that redistribution before switching to other topics like private finance or trade.