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An image of the seas off the coast of Belize.

Belize’s Big Blue Debt Deal: At Last, A Scalable Model?

Last Friday, the Government of Belize alongside the U.S. Development Finance Corporation (DFC) and the Nature Conservancy (TNC) announced the financial close of the largest blue bond for Ocean Conservation to date. The program enables Belize to convert its existing Eurobond (i.e. foreign currency bonds issued on the international market) into blue debt that it will use to implement its national marine conservation agenda.

A worker stands next to the heliostats at the Cerro Dominador solar power plant in Chile

For Richer Countries, Climate Mitigation Should Begin at Home

The world’s poorest countries—those classified as low- and lower-middle-income—contribute just one seventh of global emissions despite being home to half of the global population. A just solution to these countries’ dual challenges of climate change and development should be a central concern of the COP, and political realities suggest the best thing richer countries could do in that regard is develop cost-competitive low carbon technologies as a byproduct of speeding their own path to decarbonization.

USAID Administrator Samantha Power speaks at the U.S. Embassy in Ukraine.

Power Play: USAID's Administrator Makes the Case for Global Engagement, More Focus on Effectiveness

USAID Administrator Samantha Power appeared before House and Senate authorizing committees late last week to discuss the agency’s FY22 budget. It wasn’t surprising to hear Administrator Power make a case for strong US global engagement—including robust aid investments and continued commitment to humanitarian response. But she also demonstrated—in a number of important ways—a clear-eyed focus on development effectiveness. Below we highlight several issues we were glad to see receive attention.  

Midwife Beatrice works as part of Health Development Initiative (HDI). HDI was founded by Rwandan physicians with the goal of empowering individuals and communities to improve health and advance development.

Resilience in Developing Nations

There are two ways to look at progress in the developing world context. I think the right way to look at it is that there has been tremendous success. The downside is that, as we see with the threat of COVID as well as the risk of more natural disasters because of climate change, that they and the economies in which they live and work, are vulnerable - lacking resilience, obviously, especially now.

Forests and Poverty: Barking Up the Wrong Tree?

Most discussions of the linkage between forests and poverty—including one last week at the United Nations Forum on Forests (UNFF)—focus on how to increase income to poor households from the harvest and sale of forest products. But at least as much attention should be paid to forest destruction as a pathway to the further immiseration of poor people.

The White House and the World 2016

Why should global development policy be important to the next US President? This is what we’re asking in today’s CGD Podcast. And what should the next administration do to make sure the US retains and reinforces its influence with developing nations?

Air Conditioning and Global Energy Demand

This is a joint post with Lucas Davis at the University of California, Berkeley. 

Sales of air conditioners have exploded worldwide over the last few years, driven by households and businesses in middle-income countries. 

My Ten Development Policy Wishes for 2015

Here are my wishes for commitments that countries could make at each of three big development-relevant international events in the next 12 months. I find it harder than ever to make such a list this year; global cooperation is becoming harder than ever to manage. With the rise of China and other emerging markets, cooperation in what is now a multipolar system is more necessary than it has been in decades, but more and more elusive. That puts a premium on strengthening the world’s international institutions and on—yes—UN and other international conferences and convenings and conversations in search of a global consensus on norms, programs, actions, and goals

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