Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Another Debt Crisis for Poor Countries?

When the world’s finance ministers and central bank governors assemble in Washington later this month. they would do well to focus on another looming debt crisis that could hit some of the poorest countries in the world, many of whom are also struggling with problems of conflict and fragility and none of which has the institutional capacity to cope with a major debt crisis without lasting damage to their already-challenged development prospects.

CGD Happenings for the IMF/World Bank Spring Meetings

This year’s IMF/World Bank Spring Meetings are just around the corner. In a rapidly changing development landscape, this year’s events at the Center for Global Development will focus on innovative and proactive approaches to addressing tomorrow’s development challenges today. We invite you to join us in conversation with finance ministers, top multilateral development bank and humanitarian agency officials, and global development thought leaders for discussions on topics ranging from migration to technology to education to development finance, and much more.

More Mobilization and Impact: Adapting MDB Private Finance Models

There is an urgent need to change PSW business models to maintain their financial sustainability while doing much better on mobilization and development impact. Two factors are critical for meeting this challenge: enhanced risk management capability and greater flexibility regarding risk-adjusted returns.

8 Ideas on Reforming the MDBs for the Eminent Persons Group

The Eminent Persons Group (EPG), tasked with making the system of international financial institutions fit for purpose in the 21st century, recently gave the G20 Finance Ministers a preliminary report on its work.The report is a bit long on generalities and short on specifics and, as my colleague Nancy Birdsall blogs, it mostly shies away from suggesting concrete adjustments in the way the multilateral development bank (MDB) system works now. Here are eight ideas that the EPG could propose that can be implemented in the next two years.

What I Want to Hear from the UK Development Secretary: How to Improve Whole-of-Government Aid Spending

Successive governments have long felt that UK Department for International Development (DFID) needs to work better with the rest of Whitehall. There have been efforts to join up better in government, sometimes successfully, but there remains a feeling in Whitehall that DFID is too tribal, too protective of its budget, and unwilling to roll up its sleeves to contribute to the government’s wider priorities including security, economic opportunities, and influence.

What I Would Like to Hear from the UK Development Secretary: Making the “Fusion Doctrine” Work for the Poor

The Secretary of State for International Development, Penny Mordaunt, is giving a big speech this Thursday, setting out her strategic directions on development. She has already impressed many people in development by the way she has embraced the mission of the department while challenging some of its ways of working. She has also won plaudits for her deft handling of the important issue of safeguarding in development.

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