Center for Global Development

Displaying 1-23 of 23 results

  • White Papers // Jul 2011

    Constraints To Domestic Enterprise Financing In Post- Conflict Liberia

    Countries emerging from protracted and devastating conflicts are often seen as needing significant external intervention in their financial markets to rebuild their private sector and promote quick and effective economic recovery. Despite enormous challenges, the provision of credit or the implementation of various lending schemes often dominate efforts to promote...

    Provided By Center for Global Development

  • White Papers // Jul 2011

    Fair Shares: Crediting Poor Countries For Carbon Mitigation

    This paper computes national carbon mitigation costs using two simple principles: incremental costs for low-carbon energy investments are calculated using the cost of coal-fired power as the benchmark and all low-carbon energy sources are counted, because reducing carbon emissions cannot be separated from other concerns: reducing local air pollution from...

    Provided By Center for Global Development

  • White Papers // May 2011

    The Future Of Development Finance

    Development finance is at a turning point. There is talk about a "Triple revolution of goals, actors and tools." As much of Asia grows its way out of poverty, aid will increasingly be focused on Africa and on countries plagued by instability, or with governments unable to meet the basic...

    Provided By Center for Global Development

  • White Papers // May 2011

    New SME Financial Access Initiatives: Private Foundations? Path To Donor Partnerships

    In recent years, a number of private foundations and organizations have launched ambitious initiatives to support promising entrepreneurs in developing countries, on both a for-profit and not-for-profit basis. Many of these programs have focused exclusively on building business capacity. While these tailored programs play an important role in supporting Small-...

    Provided By Center for Global Development

  • White Papers // Apr 2011

    Find Me The Money: Financing Climate And Other Global Public Goods

    The global community faces a number of critical challenges ranging from climate change to cross-border health risks to natural-resource scarcities. Many of these so-called global commons problems carry grave risks to economic growth in the developing world and to the livelihoods and welfare of their people. Climate change is the...

    Provided By Center for Global Development

  • White Papers // Mar 2011

    A Green Venture Fund To Finance Clean Technology For Developing Countries

    Climate negotiators in Canc?n reached agreement that long-term climate finance will include a commitment by developed countries to mobilize US$ 100 billion per year to help developing countries combat climate change. However, that level of investment will require substantial capital from private investors, particularly for innovation and commercialization. The authors...

    Provided By Center for Global Development

  • White Papers // Dec 2010

    Global Prospects For Utility-Scale Solar Power: Toward Spatially Explicit Modeling Of Renewable Energy Systems

    This paper provides high-resolution estimates of the global potential and cost of utility-scale photovoltaic and concentrating solar power technologies and uses a spatially explicit model to identify deployment patterns that minimize the cost of greenhouse gas abatement. A global simulation is run with the goal of providing 2,000 TWh of...

    Provided By Center for Global Development

  • White Papers // Dec 2010

    Sudan Debt Dynamics: Status Quo, Southern Secession, Debt Division, And Oil - A Financial Framework For The Future

    The people of Southern Sudan are scheduled to vote in a referendum on whether to remain unified with the central government in Khartoum or break away to form a new, fully independent country. While the Khartoum government remains committed to a unified Sudan, all indications suggest that the Southern Sudanese...

    Provided By Center for Global Development

  • White Papers // Oct 2010

    Can Donors Be Flexible Within Restrictive Budget Systems? Options For Innovative Financing Mechanisms

    This paper focuses on how budgetary scorekeeping systems affect governments' ability or willingness to support innovative development finance initiatives and explores several options to overcome the restrictions the systems often impose. As a starting point, it assumes that donor governments, such as the United States, will not reform their budgetary...

    Provided By Center for Global Development

  • White Papers // Sep 2010

    Aid For Trade: Supporting Trade Preference Reform

    Aid-for-trade programs can help strengthen low-income countries' supply capacity and knowledge of trade preferences, which will allow them to take fuller advantage of these preferences. Aid for trade to support preference reform can be divided into three categories: creation of information-sharing mechanisms to ensure that governments, SMEs and other businesses...

    Provided By Center for Global Development

  • White Papers // Jul 2010

    Blunt Instruments: A Cautionary Note On Establishing The Causes Of Economic Growth

    Concern has intensified in recent years that many instrumental variables used in widely cited growth regressions may be invalid, weak, or both. Attempts to remedy this general problem remain inadequate. The authors demonstrate that a range of published growth regressions may contain spurious results because of hidden problems with the...

    Provided By Center for Global Development

  • White Papers // Jun 2010

    Leveraging World Bank Resources For The Poorest: IDA Blended Financing Facility Proposal

    With the Millennium Development Goals deadline only five years away, the international donor community faces significant challenges due to the global economic crisis, record government deficits, and simultaneous funding requests from nearly every multilateral development institution. This paper proposes a new World Bank financing model for creditworthy emerging economies, such...

    Provided By Center for Global Development

  • White Papers // Jun 2010

    Mobile Phones and Economic Development in Africa

    The authors examine the growth of mobile phone technology over the past decade and consider its potential impacts upon quality of life in low-income countries, with a particular focus on sub-Saharan Africa. They first provide an overview of the patterns and determinants of mobile phone coverage in sub-Saharan Africa before...

    Provided By Center for Global Development

  • White Papers // Apr 2010

    Financing Food Assistance: Options For The World Food Programme To Save Lives And Dollars

    The World Food Programme has world-class logistics, but its ability to manage financial risk is extremely limited. The WFP procures 100 percent of its food through spot markets, which subjects it to substantial commodity and transport price risks and significant delays delivering food. Relying on reactive emergency appeals and on...

    Provided By Center for Global Development

  • White Papers // Apr 2010

    Are Borders Barriers? The Impact Of International And Internal Ethnic Borders On Agricultural Markets In West Africa

    This paper addresses two important economic issues for Africa: the contribution of national borders and ethnicity to market segmentation and integration between and within countries. Market pair regression analysis provides evidence of higher conditional price dispersion for both a grain and a cash crop between markets separated by the Niger-Nigeria...

    Provided By Center for Global Development

  • White Papers // Jan 2010

    The International Financial Crisis: Eight Lessons For And From Latin America

    The international financial crisis of 2008 - 09 exposed the strengths and weaknesses of the current paradigm of development in Latin America, a paradigm based on liberalized capital accounts and significantly improved macroeconomic conditions. This paper presents lessons derived from the crisis, not only for the region itself, but also...

    Provided By Center for Global Development

  • White Papers // Jan 2010

    Financial Integration And Foreign Banks In Latin America: Do They Amplify External Financial Shocks?

    This paper explores the impact of international financial integration on credit markets in Latin America. Using a cross-country dataset covering 17 Latin American countries between 1996 and 2008, the authors find that financial integration amplifies the impact of international financial shocks on aggregate credit and interest-rate fluctuations. Despite this pernicious...

    Provided By Center for Global Development

  • White Papers // Nov 2009

    Moving Mugabe's Mountain: Zimbabwe's Path To Arrears Clearance And Debt Relief

    Zimbabwe is embarking on a long, complex, and difficult journey to rebuild its economy, which has been shattered by years of neglect and destructive government policies. If the final political hurdles are overcome - hopefully sooner rather than later - the new coalition government will be faced with making politically...

    Provided By Center for Global Development

  • White Papers // Nov 2009

    Will World Bank And IMF Lending Lead To HIPC IV? Debt D?j?-Vu All Over Again

    Four years ago, the G-7 pushed through an unprecedented initiative forcing the international financial institutions to cancel 100 percent of their outstanding debt claims on the world's poorest countries. Through the Multilateral Debt Relief Initiative (MDRI), these Heavily Indebted Poor Countries (HIPCs) stand to receive up to $60 billion in...

    Provided By Center for Global Development

  • White Papers // Jun 2009

    The Impact Of Microcredit On The Poor In Bangladesh: Revisiting The Evidence

    The most-noted studies on the impact of microcredit on households are based on a survey fielded in Bangladesh in the 1990s. Contradictions among them have produced lasting controversy and confusion. Pitt and Khandker (PK, 1998) apply a quasi-experimental design to 1991-92 data; they conclude that microcredit raises household consumption, especially...

    Provided By Center for Global Development

  • White Papers // May 2009

    Blunt Instruments: On Establishing The Causes Of Economic Growth

    Despite intense concern that many instrumental variables used in growth regressions may be weak, invalid, or both, top journals continue to publish studies of economic growth based on problematic instruments. Doing so risks pushing the entire literature closer to irrelevance. The authors illustrate hidden problems with identification in recent prominently...

    Provided By Center for Global Development

  • White Papers // Mar 2009

    Schooling Inequality, Crises, And Financial Liberalization In Latin America

    Latin America is characterized by high and persistent schooling, land, and income inequalities and extreme income concentration. In a highly unequal setting, powerful interests are more likely to dominate politics, pushing for policies that protect privileges rather than foster competition and growth. As a result, changes in policies that political...

    Provided By Center for Global Development

  • White Papers // Mar 2009

    The End Of ODA: Death And Rebirth Of A Global Public Policy

    'Official Development Assistance' (ODA) is dying. Not that it really ever existed, at least in the neat form of a global fight against poverty with consensual objectives and means. Nor that international solidarity is decreasing: it isn't less but more money that is being poured each year into what can...

    Provided By Center for Global Development

  • White Papers // Jun 2010

    Leveraging World Bank Resources For The Poorest: IDA Blended Financing Facility Proposal

    With the Millennium Development Goals deadline only five years away, the international donor community faces significant challenges due to the global economic crisis, record government deficits, and simultaneous funding requests from nearly every multilateral development institution. This paper proposes a new World Bank financing model for creditworthy emerging economies, such...

    Provided By Center for Global Development

  • White Papers // Apr 2010

    Financing Food Assistance: Options For The World Food Programme To Save Lives And Dollars

    The World Food Programme has world-class logistics, but its ability to manage financial risk is extremely limited. The WFP procures 100 percent of its food through spot markets, which subjects it to substantial commodity and transport price risks and significant delays delivering food. Relying on reactive emergency appeals and on...

    Provided By Center for Global Development

  • White Papers // Nov 2009

    Moving Mugabe's Mountain: Zimbabwe's Path To Arrears Clearance And Debt Relief

    Zimbabwe is embarking on a long, complex, and difficult journey to rebuild its economy, which has been shattered by years of neglect and destructive government policies. If the final political hurdles are overcome - hopefully sooner rather than later - the new coalition government will be faced with making politically...

    Provided By Center for Global Development

  • White Papers // Mar 2009

    Schooling Inequality, Crises, And Financial Liberalization In Latin America

    Latin America is characterized by high and persistent schooling, land, and income inequalities and extreme income concentration. In a highly unequal setting, powerful interests are more likely to dominate politics, pushing for policies that protect privileges rather than foster competition and growth. As a result, changes in policies that political...

    Provided By Center for Global Development

  • White Papers // Jun 2009

    The Impact Of Microcredit On The Poor In Bangladesh: Revisiting The Evidence

    The most-noted studies on the impact of microcredit on households are based on a survey fielded in Bangladesh in the 1990s. Contradictions among them have produced lasting controversy and confusion. Pitt and Khandker (PK, 1998) apply a quasi-experimental design to 1991-92 data; they conclude that microcredit raises household consumption, especially...

    Provided By Center for Global Development

  • White Papers // Jun 2010

    Mobile Phones and Economic Development in Africa

    The authors examine the growth of mobile phone technology over the past decade and consider its potential impacts upon quality of life in low-income countries, with a particular focus on sub-Saharan Africa. They first provide an overview of the patterns and determinants of mobile phone coverage in sub-Saharan Africa before...

    Provided By Center for Global Development

  • White Papers // Apr 2011

    Find Me The Money: Financing Climate And Other Global Public Goods

    The global community faces a number of critical challenges ranging from climate change to cross-border health risks to natural-resource scarcities. Many of these so-called global commons problems carry grave risks to economic growth in the developing world and to the livelihoods and welfare of their people. Climate change is the...

    Provided By Center for Global Development

  • White Papers // Mar 2009

    The End Of ODA: Death And Rebirth Of A Global Public Policy

    'Official Development Assistance' (ODA) is dying. Not that it really ever existed, at least in the neat form of a global fight against poverty with consensual objectives and means. Nor that international solidarity is decreasing: it isn't less but more money that is being poured each year into what can...

    Provided By Center for Global Development

  • White Papers // Jul 2010

    Blunt Instruments: A Cautionary Note On Establishing The Causes Of Economic Growth

    Concern has intensified in recent years that many instrumental variables used in widely cited growth regressions may be invalid, weak, or both. Attempts to remedy this general problem remain inadequate. The authors demonstrate that a range of published growth regressions may contain spurious results because of hidden problems with the...

    Provided By Center for Global Development

  • White Papers // Nov 2009

    Will World Bank And IMF Lending Lead To HIPC IV? Debt D?j?-Vu All Over Again

    Four years ago, the G-7 pushed through an unprecedented initiative forcing the international financial institutions to cancel 100 percent of their outstanding debt claims on the world's poorest countries. Through the Multilateral Debt Relief Initiative (MDRI), these Heavily Indebted Poor Countries (HIPCs) stand to receive up to $60 billion in...

    Provided By Center for Global Development

  • White Papers // Jan 2010

    The International Financial Crisis: Eight Lessons For And From Latin America

    The international financial crisis of 2008 - 09 exposed the strengths and weaknesses of the current paradigm of development in Latin America, a paradigm based on liberalized capital accounts and significantly improved macroeconomic conditions. This paper presents lessons derived from the crisis, not only for the region itself, but also...

    Provided By Center for Global Development

  • White Papers // Jan 2010

    Financial Integration And Foreign Banks In Latin America: Do They Amplify External Financial Shocks?

    This paper explores the impact of international financial integration on credit markets in Latin America. Using a cross-country dataset covering 17 Latin American countries between 1996 and 2008, the authors find that financial integration amplifies the impact of international financial shocks on aggregate credit and interest-rate fluctuations. Despite this pernicious...

    Provided By Center for Global Development

  • White Papers // Apr 2010

    Are Borders Barriers? The Impact Of International And Internal Ethnic Borders On Agricultural Markets In West Africa

    This paper addresses two important economic issues for Africa: the contribution of national borders and ethnicity to market segmentation and integration between and within countries. Market pair regression analysis provides evidence of higher conditional price dispersion for both a grain and a cash crop between markets separated by the Niger-Nigeria...

    Provided By Center for Global Development

  • White Papers // Sep 2010

    Aid For Trade: Supporting Trade Preference Reform

    Aid-for-trade programs can help strengthen low-income countries' supply capacity and knowledge of trade preferences, which will allow them to take fuller advantage of these preferences. Aid for trade to support preference reform can be divided into three categories: creation of information-sharing mechanisms to ensure that governments, SMEs and other businesses...

    Provided By Center for Global Development

  • White Papers // Dec 2010

    Global Prospects For Utility-Scale Solar Power: Toward Spatially Explicit Modeling Of Renewable Energy Systems

    This paper provides high-resolution estimates of the global potential and cost of utility-scale photovoltaic and concentrating solar power technologies and uses a spatially explicit model to identify deployment patterns that minimize the cost of greenhouse gas abatement. A global simulation is run with the goal of providing 2,000 TWh of...

    Provided By Center for Global Development

  • White Papers // May 2009

    Blunt Instruments: On Establishing The Causes Of Economic Growth

    Despite intense concern that many instrumental variables used in growth regressions may be weak, invalid, or both, top journals continue to publish studies of economic growth based on problematic instruments. Doing so risks pushing the entire literature closer to irrelevance. The authors illustrate hidden problems with identification in recent prominently...

    Provided By Center for Global Development

  • White Papers // May 2011

    The Future Of Development Finance

    Development finance is at a turning point. There is talk about a "Triple revolution of goals, actors and tools." As much of Asia grows its way out of poverty, aid will increasingly be focused on Africa and on countries plagued by instability, or with governments unable to meet the basic...

    Provided By Center for Global Development

  • White Papers // Dec 2010

    Sudan Debt Dynamics: Status Quo, Southern Secession, Debt Division, And Oil - A Financial Framework For The Future

    The people of Southern Sudan are scheduled to vote in a referendum on whether to remain unified with the central government in Khartoum or break away to form a new, fully independent country. While the Khartoum government remains committed to a unified Sudan, all indications suggest that the Southern Sudanese...

    Provided By Center for Global Development

  • White Papers // Jul 2011

    Constraints To Domestic Enterprise Financing In Post- Conflict Liberia

    Countries emerging from protracted and devastating conflicts are often seen as needing significant external intervention in their financial markets to rebuild their private sector and promote quick and effective economic recovery. Despite enormous challenges, the provision of credit or the implementation of various lending schemes often dominate efforts to promote...

    Provided By Center for Global Development

  • White Papers // Jul 2011

    Fair Shares: Crediting Poor Countries For Carbon Mitigation

    This paper computes national carbon mitigation costs using two simple principles: incremental costs for low-carbon energy investments are calculated using the cost of coal-fired power as the benchmark and all low-carbon energy sources are counted, because reducing carbon emissions cannot be separated from other concerns: reducing local air pollution from...

    Provided By Center for Global Development

  • White Papers // May 2011

    New SME Financial Access Initiatives: Private Foundations? Path To Donor Partnerships

    In recent years, a number of private foundations and organizations have launched ambitious initiatives to support promising entrepreneurs in developing countries, on both a for-profit and not-for-profit basis. Many of these programs have focused exclusively on building business capacity. While these tailored programs play an important role in supporting Small-...

    Provided By Center for Global Development

  • White Papers // Mar 2011

    A Green Venture Fund To Finance Clean Technology For Developing Countries

    Climate negotiators in Canc?n reached agreement that long-term climate finance will include a commitment by developed countries to mobilize US$ 100 billion per year to help developing countries combat climate change. However, that level of investment will require substantial capital from private investors, particularly for innovation and commercialization. The authors...

    Provided By Center for Global Development

  • White Papers // Oct 2010

    Can Donors Be Flexible Within Restrictive Budget Systems? Options For Innovative Financing Mechanisms

    This paper focuses on how budgetary scorekeeping systems affect governments' ability or willingness to support innovative development finance initiatives and explores several options to overcome the restrictions the systems often impose. As a starting point, it assumes that donor governments, such as the United States, will not reform their budgetary...

    Provided By Center for Global Development