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US Capitol Building

Another Step Closer to a New and Improved US Development Finance Institution

The United States needs a bigger and better development finance institution. The Overseas Private Investment Corporation (OPIC) is an overperforming federal agency, but is currently far too small and outdated to fulfill its mandate of catalyzing private investment in strategic emerging and frontier markets. We’ve been pushing for years to modernize US development finance, while the timing for a new agency is ideal right now. The bipartisan BUILD Act creating a new US International Development Finance Corporation (USIDFC) was introduced in both houses a few months back and the administration has signaled support.

tropical forest

A Global Offer to Reduce Deforestation: $5 Billion a Year for 20 Years

When it comes to measuring development impacts, nothing beats forests. With ever-improving satellite monitoring technology, measuring global forest cover is each year easier, cheaper, and more accurate. Which means that—whatever you want to call it (pay for performance, results-based aid)—rewarding tropical forest countries for preserving their forests, and for their climate and development benefits, is becoming easier and more accurate.

Sergey Brin

On World Refugee Day, We Ask: Are We Counting All the Benefits that Resettlement Has Brought?

On World Refugee Day, we recognise the plight of the 25 million people who have been forced to flee their countries, to stand with them in solidarity and to appreciate the benefits that they have brought, or can bring to many economies. There are numerous studies that demonstrate the various economic benefits that accepting refugees can bring, and one of the most important from the receiving government’s point of view is the potential for refugees to become net fiscal contributors.

panel

USAID Just Released Its “Journey to Self Reliance” Indicators. What Comes Next?

Last week, CGD hosted the US Agency for International Development (USAID) for the first public presentation of the agency’s new “Journey to Self-Reliance” metrics. Launched by USAID Administrator Mark Green, the Journey to Self-Reliance is a new strategic approach that aims to more systematically orient the agency’s programming toward building countries’ capacity to address their own development challenges.

Stock photo of a pile of passports

The Global Migration Compact Faces Challenges as the Final Countdown Begins

It’s crunch time for the Global Compact for Migration. There has been progress. But greater advance on dialogue can mean greater deadlock on content. Several challenges now face the co-facilitators—Mexico and Switzerland—in charge of drafting the text. They echo the challenges from the start of negotiations earlier this year.

A Budget Fit for the Future? Breaking Down the EU’s External Actions Proposals for the Next MFF

After weeks of speculation, the European Commission has published the details of its proposed radical reconfiguration of EU external actions instruments for the 2021-2027 Multiannual Financial Framework (MFF). Digging into the details, while value-add is the mantra, what’s missing is a distinctive EU development offer. And while flexibility is key in an increasingly turbulent and uncertain world, it needs to be deployed using clear guidelines and balanced by accountability.

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