Last week, the United States Supreme Court heard oral arguments in Jam et al v. International Finance Corporation. At stake: the extent to which international organizations including the IFC enjoy immunity from prosecution in US courts.
CGD Policy Blogs
Bangladesh is hosting nearly one million Rohingya refugees—mostly crowded into in one of the country’s less-developed areas, Cox’s Bazar. A minority population in Myanmar, stripped of citizenship in the 1980s, the Rohingya have been denied access to education, meaningful livelihoods, and other basic rights for years. Now as refugees in Bangladesh, Rohingya need protection and support to secure health services, safety, food, education, and other opportunities.
International actors have criticized decisions by the Trump administration to reject the Paris Climate Accord, abandon the Trans Pacific Partnership, and withdraw from a United Nations declaration intended to protect the rights of migrants. However, there is one international body, the Paris Club, whose members may be rooting for the United States to leave. That’s because, in the absence of congressional action, continued US membership in the Paris Club could impair the economic prospects of some of the poorest countries in the world.
Even for countries that are far away from graduating from foreign aid, the importance of domestic resource mobilization for maintaining macroeconomic stability and sustained economic growth is well documented. A look at the experience of countries that have received HIPC debt relief validates this point and underlines the need for attaching a high priority to tax policies and practices in international assistance programs for low income countries.
Last year the World Bank adopted a new “cascade” approach that intended to maximise finance for development by prioritising private solutions wherever possible. In what world would this “cascade” algorithm make sense? Without a good answer to that question, the cascade risks looking like ideology rather than sound development finance advice.
To say that John Bolton, President Trump’s latest pick for National Security advisor is a well-known UN critic would be an understatement. But it’s well worth noting that he has opinions about the IMF and the multilateral development banks too.
Practicing What We Preach: 5 Ideas to Promote Gender Equality within and among Development Organizations
Earlier this week, CGD convened a candid conversation on gender equality in the workplace, encouraged development organizations to look inward and consider changes in our own practices, and highlighted persistent gender gaps in the sector. It was just a first step in what will be a longer journey for CGD and all development organizations to prioritize and realize the promises of equality and diversity.
Demand for development finance as a key complement to traditional aid is growing, but despite the impressive strength of the US private sector, the US government’s ability to respond—to date— has fallen short. The good news: Congress got the memo.
A small community around the world is building better ways to regulate migration. The Global Compact on Migration is not making headlines, but its effects will certainly ripple around the world and throughout this century.
In advance of adopting a new Policy on Public Information, the AIIB is inviting suggestions on how it could best align public disclosure with its guiding principles of “promoting transparency, enhancing accountability and protecting confidentiality.” The adoption of the new policy provides AIIB President Jin Liqun and the AIIB shareholders an opportunity to demonstrate that this newest of multilateral development banks (MDBs) is serious about its commitment to adopting international best practices. I identified a number of actions that the AIIB could take to improve its disclosure practices. Here are my top three recommendations: