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Another One Joins the DIB: OPIC Commits $2 Million to a Development Impact Bond on Cataract Surgery

OPIC recently announced it will invest $2 million in a Development Impact Bond (DIB) aimed at improving the availability and quality of cataract surgery services in Cameroon. Specifically, OPIC’s investment will support the Magrabi ICO-Cameroon Eye Institute, a new hospital with an efficiency and financing model based on the acclaimed Aravind Eye Hospitals, over several years. The OPIC news is particularly exciting for four reasons.

China May Be Paving the Way for America’s Exit

One form of soft power is concrete enough. That is, it’s literally concrete. And by a measure of bricks and mortar, it’s clear that the United States is rapidly losing the soft power game to China. In fact, the contrast between the two countries on display this week in Washington is startling.

UK Trade White Paper: A Once in a Lifetime Opportunity for Development

The UK government has made a welcome commitment to improve trade access for poor countries after Brexit. The question in the White Paper is how to do that. Brexit offers the opportunity to replace the EU’s Economic Partnership Agreements with a simpler, broader and more generous regime that encourages developing countries to export more.

Defining Benefits for Universal Health Care—How Governments Can Get the Most Bang for Their Health Care Buck

Vaccinate children against measles and mumps or pay for the costs of dialysis treatment for kidney disease patients? Pay for cardiac patients to undergo lifesaving surgery, or channel money toward efforts to prevent cardiovascular disease in the first place? For universal health care (UHC) to become a reality, policymakers looking to make their money go as far as possible must make tough life-or-death choices like these.

Dear Finance Minister: The World Bank Has Cleared the Air on Tobacco Taxes

Dear Finance Minister,

This Wednesday, you will be attending an event on tobacco taxes at the World Bank’s annual meetings, where President Jim Kim and Mayor Michael Bloomberg will be speaking. You will be attending this high-level discussion along with about 14 other Finance Ministers. While the meeting may look routine, it is actually one of the most important you will attend this week. You will be discussing how the Finance Ministry can save more lives than the Minister of Health—by raising tobacco taxes in a way that best discourages smoking.

Congress Wants to Take a Closer Look at Multilateral Institutions

In Congress, support for aid is often bipartisan, and the seriousness and quality of thinking about aid reform is often very high. Case in point on both fronts is new legislation introduced by US Senators Bob Corker (R-Tenn.) and Chris Coons (D-Del.) that would create the architecture and principles for a policy review and assessment of US contributions to multilateral institutions.

How Should the United States Respond to the Rohingya Refugee Crisis?

When a new refugee flow emerges, there is a short window of a few months for stopping the violence and enabling people to return home. It that window is missed, a new refugee population will likely remain displaced for decades. That’s where the US comes in—a large and coordinated push on the Burmese government can help stop the violence, allow Rohingya refugees to return, and recognize their rights.

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