Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

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What Are the Development Outcomes of Development Finance?

What impact do development finance institutions (DFIs) like the IFC have on actual development? Today, George Yang and I release a paper that tries to take a sectoral approach to impact: does an IFC electricity investment lead to more power production per capita in a country, or financing provided to local banks lead to a larger proportion of people with a bank account?

Map of Chinese lending projects around the world, concentrated in Europe, Asia, and Africa

The Problem Isn’t that Chinese Lending Is Too Big, It’s that the US and Europe’s Is Too Small

As the possibility of a new Cold War between the US and China gains traction in some foreign policy circles, the scale of Chinese development finance has taken center stage. A closer examination suggests the cost to China of this lending is distinctly underwhelming. It would be cheap for the US and Europe to match China’s lending numbers –and in the interest of global development if it was done right.

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The UK Foreign and Development Office and Global Public Goods

The UK is about to merge development and diplomacy in a single department: the Foreign, Commonwealth and Development Office. There are plenty of reasons to be concerned about that, but CGD colleagues have pointed out some opportunities as well. One area where combining the talents of DFID and Foreign Office staff could be turned into a positive sum is in the area of global public goods.

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This Is the Perfect Moment to Redesign UK Aid Spend on Research

A new ICAI report issued this week suggests that large parts of UK aid spending on research and development remain hampered by a design that favors British researcher interests over urgent research topics and capacity prioritized by the world’s poorest countries. The next few months are a perfect opportunity to fix that problem, because the two most problematic funds are up for renewal.

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