With COP26 only weeks away, policymakers around the world are focusing renewed attention on the climate crisis—and the US Congress is no exception. An upcoming House Foreign Affairs hearing, convened jointly by the Subcommittee on International Development, International Organizations, and Global Corporate Social Impact and the Subcommittee on Europe, Energy, the Environment and Cyber, will profile US plans to combat climate change through development assistance.
CGD Policy Blogs
Girls’ education remains a high priority for international organizations and for governments and non-government organizations in low- and middle-income countries, as it should be! There are many countries in the world where girls lag behind boys in either access or performance, and gender discrimination in the labor market may nudge policymakers to boost girls’ education even after parity in educational access has been achieved, in order to get closer to gender equality in later life outcomes.
Democracy to the Rescue? Preserving Public Spending on Education as Private Education Expands Its Reach
As demand for quality education in many developing countries increases, and state capacity to provide this falls short, private education is growing in popularity. Significant attention has, in the past, been paid to the direct impacts of private schools on student outcomes (see, for example, this comprehensive review, commissioned by the UK’s Department for International Development in 2014 and follow-up analysis by CGD researchers).
Turn on the news these days and you’re likely to be confronted with articles about worker shortages. Nurses, cooks, construction workers, accountants, care home employees, all seem to be in demand throughout high-income countries. Despite this need, these countries currently do very little to attract migrants with vocational skills, hoping that local workers, automation, and offshoring will reduce the need.
The World Bank’s International Development Association (IDA), the largest single source of concessional financing for development in lower-income countries, is under-utilized in the world’s fight against pandemics, and can deploy its resources and expertise to play a much more significant role in the COVID-19 response and beyond as part of its upcoming replenishment, known as IDA20.
This is the seventh in a series of blogs looking at regional aspects of future global demographic and migration patterns discussed in my paper Global Mobility: Confronting A World Workforce Imbalance. You can read other blogs in the series here.
Make Me a Match: We Want Your Ideas to Kick-Start Promising Global Health Innovations with Demand-Side Funding
Scientific and technological innovation has the potential to save lives, reduce global poverty, and help address the most pressing global challenges—but investments in R&D are mostly directed at lucrative, high-income markets versus the health problems that affect the global poor.
With the recent allocation of special drawing rights (SDRs)—a reserve asset issued by the IMF—to help countries weather the economic effects of the pandemic, the international discussion has shifted to ways to rechannel a portion of the SDRs that were allocated to high-income economies. The focus has been on the IMF itself as the channel for getting these resources from advanced countries to vulnerable low- and middle-income countries.
The phrase “giving with one hand while taking with the other” has never been more apt than when applied to the UK’s recent approach to aid.
Under current plans, the UK will intentionally reduce the total amount of aid it makes available to developing countries by increasing its contributions to an IMF lending pot–and take credit for doing so. Because of how they are measured, the UK contributions to the IMF will displace other aid more than one-for-one, so overall, aid will be reduced.
There is no economic reason to reduce aid to accommodate such loans. Arguments about the deficit are irrelevant given that loans of this nature do not count towards it.
Here, we set out how this would work, how Treasury claims that they are simply “following the rules” do not justify this move, and what the IMF can do to mitigate the impact of this perverse move.
This is the sixth in a series of blogs looking at regional aspects of future global demographic and migration patterns discussed in my paper Global Mobility: Confronting A World Workforce Imbalance. You can read other blogs in the series here.