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CGD Policy Blogs

 

A road construction project in Sri Lanka. Photo by Deshan Tennekoon/World Bank

In the Secretive World of Government-to-Government Lending, 100 Chinese Debt Contracts Offer a Trove of New Information

Is Chinese financing good for developing countries? Taking stock of China’s lending activities has long been hindered by the lack of publicly available data on dimensions like loan volumes and interest rates, let alone more esoteric features like loan collateral or default contingencies. A pathbreaking new study by researchers at AidData at William & Mary, the Kiel Institute for the World Economy, the Peterson Institute for International Economics, Georgetown Law School, and the Center for Global Development changes that.

$57 Trillion Additional Climate Debt Calls for Policy Action by G20

While a drastic reduction in carbon emissions is necessary to contain climate change, countries still have not reached a consensus on a fair division of responsibilities in reducing them. While advanced economies were the biggest emitters in the past, emerging economies, such as China and India, account for an increasing share of new emissions. From the standpoint of fiscal policy, these carbon emissions, which adversely affect the world’s well-being, are a negative externality. At present, countries do not bear the full cost of these externalities. The cumulative sum of these liabilities can be viewed as a “climate debt” a country owes to the global community.

A European flag outside of a government building

Redesigning Global Europe: The EU’s Neighbourhood, Development, and International Cooperation Instrument

EU member states and the European Parliament’s Foreign Affairs and Development Committees finally approved the new Neighbourhood, Development, and International Cooperation Instrument (NDICI)—Global Europe. The instrument, worth €79.5 billion over the period 2021-2027, marks a profound transformation of EU development policy and spending.

An image of the Covid-19 vaccine

How Can We Encourage COVID-19 Vaccine Developers to Expand Manufacturing Capacity?

Safe and efficacious vaccines are our best tools for defeating COVID-19. An unprecedented research and development effort has led to 12 vaccines with full or limited use emergency authorizations globally, but vaccinating everyone in the world as quickly as possible will require additional production capacity. Currently, there is not enough manufacturing capacity globally to accelerated immunization around the world in the next six months.

Chart showing that Third Space Learning, which uses Sri Lankan tutors, is significantly cheaper than all other providers, which use UK-based tutors

Offshoring Education is Good for the Poor

Two positive development stories emerged from the UK education sector last week: A new tutoring scheme is hiring Sri Lankan tutors for British children. And the UK Department for Education is proposing a new international teaching qualification, which could make international recruitment easier.

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