CGD Policy Blogs
Seven years ago at the 2007 climate talks in Bali, then Norwegian Prime Minister Jens Stoltenberg shocked the world by pledging $2.5 billion over the next five years to reduce tropical deforestation.
Tuesday’s Climate Summit in New York prompted a number of forest-related commitments, including a “Declaration on Forests” signed by 28 governments, 8 subnational governments, 35 companies, 16 indigenous peoples groups, and 45 NGO and civil society groups.
The revelry surrounding Germany’s World Cup victory in Brazil is finally winding down, but for those who follow climate change, Germany has kept the celebration going.
The Crisis in Official Development Assistance (ODA) Statistics: Needed Revamp Would Lift Japan, Lower France
Not to be melodramatic, but the official system for counting foreign aid is in crisis. The longstanding mathematical rule determining whether a loan’s interest rate is low enough to qualify it as aid has gone out of sync with the times. The rule’s benchmark interest rate of 10% per year was reasonable when adopted in 1972, but not now. Today, wealthy governments can borrow below 3%, lend a couple percent higher, come in well under the 10% bar, and count the potentially profitable lending as aid.
Innovative finance schemes are most likely to fail if the main aim is to bring in more money, and most likely to succeed if the aim is to create new ways of working.
One of the first things we all learn as development rookies is that you cannot simply transplant institutions, systems or ideas from elsewhere. We are told that solutions have to be organic, locally-developed, country-owned and relevant to the context. But why and when is this true?
What should the US and Europe do about the relative decline of their global influence? My guest this week, CGD senior fellow Charles Kenny, has a surprising answer in his new book, The Upside of Down: Why the Rise of the Rest Is Good for the West. His take? Embrace it.
This is a joint post with Petra Krylová .