This week, CGD took another step forward in putting the “do” in our mission of being a “think and do tank.” For a number of years, we have hosted policymakers as visiting fellows at the center, a great program that has helped to ground our work in the realities of policymaking. (Of course, as a visiting fellow alumnus, I may be a bit biased!). Now, we are turning this program on its head and sending one of our own, Casey Dunning, into the policy world under a new CGD-sponsored fellowship.
CGD Policy Blogs
A multi-year project just came to fruition with the endorsement by the Board of the World Bank of its new set of safeguards—the social and environmental standards that govern Bank-funded projects in client countries. CGD's expert on multilateral development banks, senior fellow Scott Morris, reacted to the new policies in a recent blog post, and joins me this week on the CGD Podcast to discuss.
Depending on who you listen to, the World Bank has either just launched an unprecedented reach into the domestic political affairs of sovereign nations, or it has gutted the rules that have helped define its essential character as a global norm-setter. Both can’t be right, and most likely, neither is. To better understand the objectives of the bank's newly adopted “safeguards” regime, and why I’m somewhat encouraged by it, it’s worth looking more closely at the arguments of critics on both sides.
Yesterday at the White House Summit on Global Development, as President Obama outlined the programmatic successes of his administration’s global development policy (all genuine and worthy of acclaim), he didn’t even bother to mention the response to the global financial crisis that consumed his administration for much of its first year. Yet, when we consider just how perilous the economic conditions were for the United States and the world during that time, it is not unreasonable to conclude that the cause of global development was served at least as much by these efforts than by any single development initiative launched by an American president.
White House summits, which in recent years have addressed everything from African American LGBTQ Youth to Working Families, serve two main purposes: to make progress on a set of policy issues and to signal that the issues are a priority for the president. In this way, it’s encouraging to see the newly announced White House Summit on Global Development. More than a late term victory lap for President Obama’s global development policies and programs, I’m hopeful that this summit promotes approaches to development that will carry over into the next administration.
When the Chinese government launched a new multilateral development bank (MDB) with “infrastructure” in the name—the Asian Infrastructure Investment Bank (AIIB)—it hardly seemed far-fetched to assume a strong Chinese preference for infrastructure-related MDB financing. Everything we know about China’s bilateral development financing suggests the same. Yet, a closer look at the AIIB’s charter suggests openness to a broader range of sectors and activities, pointing to potential for investments in “other productive sectors.”
The evidence is compelling that countries benefit from immigration, particularly if immigrants are already well-educated, working-age adults, as is the case with most of the Syrians fleeing war at home. Still, there are real economic, security, and political costs of hosting refugees when, as with the Syrians, the arrivals are sudden and substantial. Given those costs, how should we think about the obligations of potential host countries?
Yesterday, USAID Administrator Gayle Smith delivered her first major policy speech in a cavernous Capitol Hill auditorium that was filled to capacity. Introducing USAID’s new head, Senator David Perdue expressed hope that Smith would have more time in the job than she thought she would. That’s remarkably high praise from a Republican senator in a year that will mark the end of the Obama administration.
Coloring Outside the Lines: How CGD Helped the Asian Development Bank Unlock Billions More in Development Funds
This blog is part of a special series celebrating CGD’s 15th anniversary in 2016. All year, CGD experts will look back at work we’ve done that has had real-world impact, and forward to future research that we hope will help increase global prosperity.
After two and a half great years as director of CGD’s Rethinking US Development Policy initiative, I’m handing over the reins to my colleague Scott Morris. Many of you will know Scott as a CGD Senior Fellow with deep experience from the Treasury and on Capitol Hill. He’s a thought leader on many US development issues, especially the multilateral development banks and international debt. Rethink could not be in better hands as we start thinking about a new administration and Co