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CGD Policy Blogs

 

How $500 Million in U.S. Aid Can Help Pakistan’s Flood Victims Rebuild

This is a joint post with Wren Elhai

Last week, the Government of Pakistan hosted officials from the United States and more than 30 donor countries and multilateral agencies in Islamabad for the Pakistan Development Forum. The big news from the two-day event was the announcement that the United States would accelerate disbursement of $500 million in previously committed aid to help Pakistan meet its flood rebuilding needs. (This pledge is above and beyond the more than $500 million the United States had previously committed to the immediate humanitarian needs from the flood.) What officials did not announces is what the US flood aid will be used for. My CGD colleagues Alan Gelb and Caroline Decker have recommended one proposal that the U.S. policymakers are currently considering: directing up to $500 million to finance a housing capitalization fund for flood-affected households.

Can Oil Money Be Spent Well? Alan Gelb on Resource Revenues and Development.

Alan GelbMany developing countries have found that large deposits of oil or other natural resources are more a curse than a blessing. My guest on this week's Wonkcast is Alan Gelb, a senior fellow at the Center for Global Development. Together with co-author Sina Grassman, Alan has written a paper that explores the options facing developing countries with abundant natural resources and draws on historical evidence to recommend best practices for dodging the 'resource curse.'