CGD Policy Blogs
“Macro” issues naturally dominate the talk in these seminars and in the corridors. But not this time. I was surprised to find "micro” development issues suffused the agenda.
Despite the growing prominence of global challenges, such as climate change, cross-border health threats, security risks, and financial crises, most development-oriented funds are spent on individual programs in single countries.
When President Takehiko Nakao of the Asian Development Bank (ADB) visited CGD earlier last year, he described management’s groundbreaking proposal for a major restructuring of the bank’s financial model that we view as both sensible and creative.