The Economist has a nice piece here on the True Size of Africa. It’s about geographic size (Africa is bigger than you think – which is true for all countries and regions near the equator that don’t benefit from the Mercator distortion in our two-dimensional map world).
CGD Policy Blogs
China recently announced it will reduce the emissions-intensity of its economy (ratio of emissions to GDP) by at least 40-45 percent by 2020. But in Copenhagen it is resisting making that promise an internationally binding commitment. That’s a big problem for the U.S. negotiators, since the Congress is adamant: the U.S. will not commit until and unless the Chinese do too.
Before investigating the source of the below quote, read it and guess to what it refers – it might surprise you how broadly applicable it is.
It’s a classic American dilemma: How does a superpower fix problems in a faraway country without dictating policies in a way that ultimately enfeebles the very people we are trying to help?
Nigeria is proposing to transfer a 10 percent stake in the national oil company to delta communities; citizens of the delta would then be entitled to cash benefits, delivered through a trust-type mechanism. Read about it here.
In a huge step forward, this week Liberia slashed its foreign debt by buying back $1.2 billion in commercial debt -- about one-quarter of its foreign debt -- from its private foreign creditors, including banks, hedge funds, and other “distressed debt” investment funds.
Our colleague Arvind Subramanian argues in a Peterson Institute blog post that the biggest achievement of the London Summit may have been just the agreement that the G-20 would meet again. Here’s why I find the Summit cup half-full not as he suggests half-empty.
Five years after Africa was centerstage at a meeting of the G7 heads of state in Gleneagles, it has all but vanished from the priorities of policymakers from the rich and emerging economies. At the G20 Summit in London this week, heads of state will debate new resources for the IMF, in the range of $250 billion. But these resources will likely be deposited in the New Arrangements to Borrow (NAB) facility, which will be far too expensive and out of reach of most African countries.
I'm here in Liberia observing a post-conflict situation through a development lens. I'm struck by several aspects of the complex task of rebuilding after 14 years of civil war.