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CGD Policy Blogs

 

An image of carbon dioxide smokestacks.

Germany: Five Areas for COP and G7 Climate and Development Leadership

Recent extreme weather events in the US, Canada, Europe and beyond have shown the high-income countries how vulnerable it is to climate change—a feeling that lower- and middle-income countries have known for years. Germany’s actions over the past decade on climate finance have established it as a leader with climate negotiations and commitments on climate finance at a critical moment.

A stack of one pound coins on top of a pile of various British pound notes

Will the UK Chancellor’s Accounting Be “The Tail that Wags the Dog” of UK Foreign Policy?

The new foreign secretary, Liz Truss, will meet with the chancellor in the coming weeks to determine her department’s budget over the coming three years. If the chancellor maintains his current stance on counting aid spend even where it has no fiscal cost, and also treating the aid target as a ceiling rather than a floor, it would be like the tail wagging the dog,* with the  Chancellor’s stance on the aid target (the tail in this case) directing the UK’s international approach (the much-weightier dog) instead of vice versa, as one would hope. And it could also mean the foreign secretary would have to implement a third round of cuts in UK aid in spring 2022.

Map of Chinese lending projects around the world, concentrated in Europe, Asia, and Africa

The Problem Isn’t that Chinese Lending Is Too Big, It’s that the US and Europe’s Is Too Small

As the possibility of a new Cold War between the US and China gains traction in some foreign policy circles, the scale of Chinese development finance has taken center stage. A closer examination suggests the cost to China of this lending is distinctly underwhelming. It would be cheap for the US and Europe to match China’s lending numbers –and in the interest of global development if it was done right.

A screenshot of the top of the country report for China in the 2020 CDI.

CDI 2020: China’s Commitment to Development

China’s policy commitment to development ranks 35th of the 40 countries in the CDI. Some of the results may seem counterintuitive: Most people know that China provides major levels of finance to Africa, and that it’s a big producer of greenhouse gases. However, after we take account of country size to enable comparisons between countries, our index ranks China last on development finance but well above the US and in the top ten on limiting greenhouse gas emissions.

2018 Aid Transparency Index

UK Aid: Which Departments are Missing Their Transparency Target?

The UK’s 2015 National Aid Strategy committed all departments to be “Very Good” or “Good” on Publish What You Fund’s Aid Transparency Index (“the Index”). We look at a leading indicator of transparency and conclude that, beyond DFID, progress has been almost non-existent. With a spending review to set budgets to 2022 expected next year, departments should take the last chance to step-up their performance and HM Treasury should not renew their spending if they don’t.

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