In its 15 years of operation, the Millennium Challenge Corporation (MCC) has, in many ways, set a new standard for evaluation and learning.
CGD Policy Blogs
Leadership Ambitions: Four Opportunities for Rory Stewart, the UK’s New Secretary of State for Development
Rory Stewart, the UK’s new Secretary of State for Development has big ambitions for the country. In light of Stewart’s self-declared candidacy for Prime Minister, we look at four areas where he can demonstrate his credentials and value to UK taxpayers, and bolster international efforts to reduce poverty with UK leadership.
In our new policy paper, we take advantage of the fact that the impact of UK aid is independently assessed by the Independent Commission on Aid Impact (ICAI). Looking back over 8 years and 65 graded assessments, even with a focus on riskier projects, we find that almost 80 percent of UK aid assessed was well spent. With a spending review on the horizon, HM Treasury will be looking closely at departmental performance and should use ICAI’s findings to shape their allocations.
USDFC Monitor: Why Is the White House Scuttling its Biggest Development Win? Four Hidden Daggers Pointed at the Heart of the New USDFC
The BUILD Act is a remarkable bipartisan effort to modernize the US development finance toolkit. So why is the White House gutting the most important features of the new agency?
If you line up all countries ranked by their ODA spending on research and development (R&D) in 2017, the UK has spent more than the next 15 combined. This has the potential to generate new technology and ideas that accelerate the increase in living standards we are witnessing across the globe. But for it to fulfil this potential, there are a series of questions that should be considered concerning its allocation.
Gyude Moore, former Minister of Public Works in Liberia and current visiting fellow at CGD, on aid branding, what China does differently, and what innovation could help developing countries save big on infrastructure.
Common Values, Common Rules: How Should DAC Countries Engage with China in International Development?
A truly global international development regime should be based on shared values and common rules, while also respecting the wants and rights of recipient countries and societies. If the Development Assistance Committee (DAC)—the “traditional donors”—find common ground and build mutual trust with China, improved understanding and learning, and transparency, may follow.
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.
Donors have lost their focus on aid effectiveness in the last decade, limiting aid’s impact. Aid effectiveness still matters enormously to the world’s poor; donors should revisit effective aid principles and agree measures which take better account of today’s challenges and context.
Donors are considering a proposal for a new “innovative finance mechanism” to increase funding for education, based on recommendations from Gordon Brown’s Education Commission. We agree that we need to finance an expansion of education in the developing world. But sadly, the International Finance Facility for Education (IFFEd) proposal is too good to be true. Using donor guarantees to increase lending by multilateral banks could increase the supply of loans—but there are simpler ways to do that without setting up a new facility.