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This is one of a series of CGD blogs on tweaks to the SDG targets.
Poor Goal 15. Forced to accommodate terrestrial ecosystems, forests, desertification, land degradation, and biodiversity, it has the longest title among the SDGs. It is one of the only goals that is too long to tweet.
CGD vice president and senior fellow Todd Moss and reasearch assistant Lauren Young propose direct cash distribution of Ghana's oil profits to help the country avoid the natural resource curse. One positive effect of the plan would be to strenghten democratic pressure on the government to be good stewards of the resource.
The Financing for Development conference in Addis Ababa in July represents one of President Obama’s last major opportunities to secure his development legacy. This memo offers 14 proposals from the Center's experts for commitments the United States Government should consider advancing for the Conference on Financing for Development. Each of the proposals has the opportunity to yield tremendous development impact, some as standalone USG commitments, and others as commitments ripe for broader cooperation.
Somewhere in a village in Nigeria, a young girl is sitting in school today, just like she does every day, packed onto a crowded wooden bench in a faded school uniform. She represents a victory in the global effort to get all children learning, and her presence will be recorded as progress in the global databases maintained by UNESCO and the World Bank. There's just one catch. She's not learning anything.
Reliance on natural resource revenues, particularly oil, is often associated with bad governance, corruption, and poverty. Worried about the effect of oil on Alaska, Governor Jay Hammond had a simple yet revolutionary idea: let citizens have a direct stake. Thirty years later, Hammond’s vision is still influencing oil policies throughout the world.
Nigeria has $33 billion in external debt. The government has been trying unsuccessfully for years to cut a deal with creditors to reduce its external obligations but to date has only managed to gain non-concessional restructuring. The major creditors also have good reasons for wanting to seek a resolution, yet agreement has been elusive. Fortunately, there is a brief window of opportunity in 2005 to find a compromise that can meet the needs of both sides. This note briefly outlines a proposal for striking such a deal through a discounted debt buyback.