Congress has officially wrapped up the FY2017 appropriations process—a mere seven months behind schedule. Much has changed since last fall, including the rhetoric on US foreign aid spending from the sitting administration. And big questions have been swirling about whether the bipartisan consensus in Congress on the importance of effective foreign assistance will hold in this new environment. At least in very short term, the answer appears to be yes.
CGD Policy Blogs
CGD Europe recently published a (UK) election manifesto on development with proposals across 19 areas. One area that raised comments and feedback was the proposals on tax, which left out country-by-country reporting. I can’t speak for others who contributed ideas to the manifesto, but the reason I did not suggest public CBCR is this: I’m not convinced by it.
Most discussions of the linkage between forests and poverty—including one last week at the United Nations Forum on Forests (UNFF)—focus on how to increase income to poor households from the harvest and sale of forest products. But at least as much attention should be paid to forest destruction as a pathway to the further immiseration of poor people.
Ivanka Trump Spearheads New Fund for Women Entrepreneurs: Four Questions to Answer Before the Cheers
At a recent G20 dialogue in Berlin, Angela Merkel unveiled plans for a new fund—spearheaded by Ivanka Trump—to promote women’s entrepreneurship. But given that President Trump’s draft FY2018 budget proposes major cuts across development accounts, including on spending and activities central to women’s empowerment, there are significant questions to ask about what appears to be a major new development initiative championed by his Administration. Here are four core considerations.
A young French leader not bound to the policies and programs of the established parties—even in the event of a coalition government with other parties—presents a real opportunity, which includes deepening France’s commitment to international development.
Each year, as ministers gather from all corners of the world for the World Bank/IMF Spring Meetings, Washington DC resounds with a cacophony of differing perspectives on future prospects, like a giant, multinational orchestra tuning up. Yet this time, in both public and private gatherings, with both developed and developing country dignitaries, as well as leading technocrats from the international financial institutions, one refrain kept recurring, defining the mood of the whole symphony. I would summarize it as 'The numbers are looking better, so why don't I feel good about them?'
The African Development Bank recently turned 50. In that time it's made more than 4,000 grants and loans, totaling more than $71 billion. So what might its next half-century look like? Bank President Dr. Akinwumi Adesina joins me on this week's podcast to share his vision for Africa's future.
How can the world find realistic, workable solutions to bridge the divide between humanitarian response and development assistance? This question was front and center at a high-level discussion, co-hosted by CGD and the International Rescue Committee (IRC), in the run up to last week’s Spring Meetings. The event marked the launch of a new CGD-IRC report, which puts forth one emerging solution to the refugee crisis—compact agreements between host governments and development and humanitarian actors. The discussion featured three global leaders on the frontline of today’s displacement challenge: Jordan’s Minister of Planning and International Cooperation Imad Fakhoury, World Bank CEO Kristalina Georgieva, and IRC President and CEO David Miliband. Here are three takeaways.
After months of speculation inside the foreign aid community, President Trump’s vision for development assistance is coming into clearer focus. Foreign Policy this week published a leaked copy of an Administration planning document on the FY2018 foreign aid budget request. The bottom line: less aid, done less effectively. Here are a few major takeaways from the document.
The Administration’s proposed skinny budget zeroes out the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution (DFI). There are multiple reasons why shuttering OPIC would cost US taxpayers, hurt American businesses, and harm markets abroad. Here’s another reason to like OPIC: it’s one of the most publicly accountable DFIs out there.