Sometimes it feels like Groundhog Day. Every twelve months or so, I sit down to write about my main wishes for the forthcoming year in development, and every list for the last few years has included my desire to see the US make good on its commitment to IMF quota reform (which would be of little extra cost to the US taxpayer as the US share of IMF funds could be augmented from existing monies already set aside for global financial crises). Dear reader, you can share my past frustration here, here and here.
CGD Policy Blogs
As well as being the beginning of a new year, this is also the start of CGD’s 15th anniversary year, so what better way to kick off than to invite our president Nancy Birdsall to cast her gaze back to 2015 and forwards to 2016.
The research organization Aid Data has been getting a lot of attention in the aid world of late with its survey of recipient country policymakers and practitioners and their views of the utility, influence and helpfulness during reform of various aid agencies. Suggests the press release: “According to nearly 6,750 policymakers and practitioners, the development partners that have the most influence on policy priorities in their low-income and middle-income countries are not large Western donors like the United States or UK. Instead it is large multilateral institutions like the World Bank, the GAVI Alliance, and the Global Fund to Fight AIDS, Tuberculosis and Malaria." That conclusion is based on average worldwide agency scores from the survey.
Next week, the G-20 Leaders will meet in Antalya, Turkey, to continue their conversation about the importance of financial inclusion in achieving strong, sustainable, balanced economic growth. One item on the agenda will be the cost of remittances. In 2009, G-8 Leaders set a goal of reducing remittance costs to 5 percent within 5 years, roughly a 5 percentage point decrease.
I’m always a little anxious introducing a topic at a workshop without knowing if the presentations that follow will support or contradict my points. So it was with some trepidation that I spoke earlier this month at a SIDA workshop in Stockholm, associated with the Swedish International Development Cooperation Agency’s launch of “Results Based Financing Approaches (RBFA) — What Are They?”.
GREAT Britain is a slogan increasingly visible around the world – it is the hallmark of the UK government’s international campaign which features the best Great Britain has to offer and aims to present the country as a global leader in business, innovation, culture and so on. In terms of development, Great Britain (the country not the slogan) can take pride: it is the only G20 country to live up to its commitment to provide 0.7% of national income for development assistance.
What does the 2016 election mean for America’s future position in the world? It’s likely too early to tell at this stage of the campaign cycle. Many of the early Republican contenders — such as Jeb Bush and Scott Walker — have been relatively quiet on foreign policy issues or have focused almost exclusively on Iran, Israel, and Russia. That’s to be expected at this point. Yet, other candidates — like Marco Rubio and Lindsey Graham — are already outlining a more comprehensive vision for advancing American interests.
Last night, the State Department released the latest batch of emails from Hillary Clinton's personal account related to her work as Secretary of State. The bad news: the content appears to reflect limited interest in international development. The good news is that the emails do suggest an early and high level interest in getting USAID to deliver better through improved contracting.
Congress apparently isn’t getting the data it wants from the Overseas Private Investment Corporation, or OPIC. That makes two of us. The House Appropriations Committee is now calling for OPIC to provide reporting on the volume and destination of all new loans, guarantees, and insurance transactions.
Dr. Raj Shah has officially left the building. USAID’s headquarters in the Ronald Reagan building that is. He has a long list of accomplishments to take with him.