Many of the world’s poorest countries in sub-Saharan Africa have shown they can reform and improve governance. But the momentum is fizzling out. In a new round of tough reforms, African leaders will need to do the heavy lifting. Africa is still poor, and not yet able to finance the investments critical to a new round of growth and poverty reduction. Here’s what donors could do.
CGD Policy Blogs
Can biometric IDs encourage women’s financial inclusion and economic and social empowerment? In principle, the answer should be yes. But the potential impact is limited by a range of other impediments that limit women’s participation.
CGD and the Centre for Finance and Development are teaming up to bring together international finance practitioners who are thinking about how to marry public and private international financing for development (so-called blended finance) and researchers who are rethinking government strategies to encourage private activity in sectors viewed as key to economic development (known as the new industrial policy).
After over a year without top political leadership, MCC may soon have a new CEO. Sean Cairncross, the Trump administration’s nominee to take the helm of the agency, has his Senate hearing tomorrow—where we’ll get an early look at his vision for MCC.
Policies put in place to counter financial crimes have unfortunately had a chilling effect on banks’ willingness to do business in markets perceived to be risky—due in part to the high price of compliance. Even as changes are being made to address this problem, financial institutions are developing solutions in the form of new cutting-edge technologies to help them comply better and faster with anti-money laundering regulations.
Since 2008, programs for Reducing Emissions from Deforestation and Forest Degradation Plus (REDD+) have pioneered the use of performance payments to reduce tropical deforestation. While these programs generated hopes of slowing climate change and protecting indigenous peoples’ access to their lands, they also generated fears over misuse of funds, abuses of rights, displacement and commodification of the environment.
Teachers in poor countries earn far more, in relative terms, than teachers in the OECD—and several recent studies suggest their pay isn’t linked to skills or performance. But we also have growing evidence that high-quality teachers generate huge economic returns. The question is how to ensure high pay attracts high quality.
Aid allocation has been a topic of much investigation across several fields. In particular, many studies have looked at the patterns of development assistance for health (DAH). For example, a study by Hanlon and colleagues found that regional variations in DAH country allocations were only in part explained by differences in disease burden or income levels. If DAH allocation is not primarily driven by the health and financial needs of those receiving it, then on what grounds is it allocated?
UN Member States are gathering today in New York at the United Nations Headquarters for the first round of negotiations on the Global Compact on Migration zero draft. It is a once-a-generation chance to shape migration cooperatively, for mutual benefit. Global migration governance is, in its current form, unprepared and insufficient to manage future flows.
In the push for electricity access in the developing world, many policymakers are trying to figure out where on-grid or off-grid solutions make the most sense. My new paper asks 39,000 consumers in 12 African countries about their energy use and demand. The big takeaway: African consumers don’t view grid versus off-grid as a binary question.