Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

A graphic showing money and stocks

If the World Bank Wants to Move On from the Doing Business Scandal, It Should Take a Look at AidData

Today’s release of a new dataset of over 13,000 Chinese-financed projects in developing countries marks a major contribution to our understanding of China’s role as a lender to the developing world, as well as the ways in which these projects are increasingly structured to avoid accounting for direct liabilities on public balance sheets. At a moment of high debt vulnerability in the developing world, both contributions ought to prove valuable to policymakers in rich and poor countries alike as they seek to work through these problems.  

Pie chart showing breakdown of a national budget

Spending Wisely and Transparently to Realize the Promise of Education for All

This week, world leaders convene in London with the aim to mobilize funds for the Global Partnership for Education to benefit at least 175 million children over the next five years. Reversing the learning losses caused by the COVID-19 pandemic will require substantial, well-targeted public spending. This is particularly true in the context of assisting poor and disadvantaged children who were already at a higher risk of being left behind prior to the pandemic to catch up as quickly as possible.

A road construction project in Sri Lanka. Photo by Deshan Tennekoon/World Bank

In the Secretive World of Government-to-Government Lending, 100 Chinese Debt Contracts Offer a Trove of New Information

Is Chinese financing good for developing countries? Taking stock of China’s lending activities has long been hindered by the lack of publicly available data on dimensions like loan volumes and interest rates, let alone more esoteric features like loan collateral or default contingencies. A pathbreaking new study by researchers at AidData at William & Mary, the Kiel Institute for the World Economy, the Peterson Institute for International Economics, Georgetown Law School, and the Center for Global Development changes that.

An image of someone casting a ballot.

Scaling the Summit of Democracies

One of President Biden’s foreign policy campaign commitments was to hold a “Summit of Democracies” in the first year of his presidency. While skeptics have raised valid concerns—not least which countries should appear on the guestlist— a summit could spur useful reforms at home and abroad.