Sub-Saharan African countries are at a critical juncture. With China's slowdown and the collapse in commodity prices, growth slipped to 3.4 percent in 2015, on average just over half what it has been for the past 15 years. Estimated growth for 2016 is below the population growth rate of about 2 percent, thus negative in per capita terms.
CGD Policy Blogs
We need an international assessment that will pinpoint educational challenges by providing consistent information on the status of all youth, not just those who have somehow stayed in formal schooling into adolescence. Think of a universal test of nine-year-olds in basic math, reading, and problem solving skills.
Just ahead of the annual World Bank/IMF spring meetings, the Bank’s new CEO, Kristalina Georgieva, spoke with me about a new way of thinking at the 72-year-old institution. The Bank has renewed ambition, she told me, to be a catalyst for massive transformative investment in development. She went on to lay out how the Bank plans to do that in this edition of the CGD Podcast.
Last month I attended a working group set up under the auspices of UHC2030 to look at the problems facing countries that lose external funding for their health programs. For many countries, the bad news is good news—their incomes and capacities have improved so much that donors no longer view them as needing the assistance.
Adesina, Birdsall, Brown, Georgieva, Gillard, Miliband, Ngozi, Subramanian—these are some of the development heavyweights speaking at CGD at a series of events in the run up to the World Bank/IMF Spring Meetings. We hope you will join us—either in person or online—for timely conversations on some of the most pressing development challenges—and their potential solutions.
Cambodia’s Prime Minister and former Khmer Rouge commander Hun Sen has called on the Trump administration to cancel Cambodia’s debt to the US Government incurred by the Lon Nol regime in the 1970s. Because the loans, which were used to pay for food purchased from the United States, have not been serviced, the total amount owed is estimated to now be more than US$500 million. While the Trump administration may not immediately embrace Cambodia’s request, it is worth both sides considering the possibility of a deal.
The world of business is still extremely gender-unequal. Across the countries in the World Bank’s enterprise surveys, less than one in five firms are run by a woman, for example. Governments could help fix that problem by using their immense purchasing power (close on $10 trillion a year in procurements) to foster the growth of women-owned enterprises. But at the moment—at least in the US—the government is a laggard rather than a leader when it comes to awarding contracts to women owned business. It’s time for that to change.
Financial transparency has been promoted as a key solution to improving governance and accountability. Some approaches are targeted such as open contracting (focused on public procurement), and regulations requiring extractive industry companies to ‘publish what they pay.’ Other proposals cast a much broader net such as calls for company owners to be listed on registers of beneficial ownership and mandatory publication of ‘country-by-country’ reports by all multinational corporations.
UN agencies are blocking reforms to aid to Syrian refugees. The donors should hold firm. Here’s why, and what they should do.
We would argue that investing in global health, at least along certain dimensions, is entirely consistent with President Trump’s philosophy of America First—a real opportunity for his administration to improve the security of the American people by pushing through some much-needed reform. In that spirit, we’ve put together a proposal for a new executive initiative under the Trump Administration. We call it PAHAA: Protecting America’s Health at Home and Abroad.