Ideas to Action:

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CGD Policy Blogs

 

The Media Blitz of Dambisa Moyo's Dead Aid is Far from Dead

I had the privilege of speaking at Dambisa Moyo’s first Washington DC event, held recently at the Cato Institute (watch the webcast here). Her book Dead Aid is a full-frontal attack on aid to Africa (and has attracted an extraordinary amount of media attention). As much of my own work has been highly critical of the aid business, it was somewhat unusual (and a little awkward) to find myself mostly defending foreign aid.

At The G-20 Summit, Nothing for Africa

Five years after Africa was centerstage at a meeting of the G7 heads of state in Gleneagles, it has all but vanished from the priorities of policymakers from the rich and emerging economies. At the G20 Summit in London this week, heads of state will debate new resources for the IMF, in the range of $250 billion. But these resources will likely be deposited in the New Arrangements to Borrow (NAB) facility, which will be far too expensive and out of reach of most African countries.

Poverty Matters Most: A Comment on the Volcker Report

Today the Volcker Commission released a report with a set of recommendations about how the World Bank can strengthen its anti-corruption procedures by reforming its Department of Institutional Integrity. This is an important and timely conversation and the report will no doubt receive a high level of attention. But it is equally important that the Bank does not put corruption ahead of its central task—the alleviation of poverty.

Pity the Fools: The UN’s embarrassing aid proposal

There have been many many bad ideas over the years about how to help Africa, but here’s my vote for the worst one in a long while: UNCTAD’s proposal to create a new UN agency to manage a doubling of aid flows to the continent.
Before we get to the proposed solution, the analysis of the problem is deeply flawed. According to the press release:

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