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Blog Post
May 14, 2024
Richer aging countries need educated young workers to provide the services and entrepreneurial talent to sustain their quality of life. A growing population of young, increasingly educated people in poorer countries, and especially in Africa, need good jobs and greater opportunities. More trade in s...
Blog Post
February 21, 2024
So: how do donor governments actually use their subsidies to the private sector to support mitigation and development projects around the world? The process usually starts with a private company (the project sponsor) asking a development finance institution (DFI) like the World Bank Group’s Internat...
Blog Post
February 06, 2024
The World Bank’s Independent Evaluation Group has just issued a “Focused Assessment” of the IDA Private Sector Window, looking at the PSW’s first five years of operation. The PSW, launched in 2018, uses $5.6 billion of World Bank IDA financing to subsidize IFC and MIGA investments in the private sec...
Blog Post
November 09, 2023
The World Bank’s soft lending arm, IDA, will begin its 21st round of replenishment negotiations soon. One thing on the agenda will be the IDA Private Sector Window (PSW), which uses IDA resources to subsidize private sector investments primarily through the World Bank Group’s International Finance C...
SPEECHES
November 02, 2023
On October 30, 2023, CGD senior fellow Charles Kenny delivered remarks at the Oxford Martin School, where he is a visiting fellow. His speech, “The future of global development and implications for aid,” focused on global economic change and its impact on the development prospects of low- and middle...
Blog Post
August 01, 2023
A number of aid advocates have started (re)using the fear of migration flows to drum up support for increased, or at least sustained, development and climate finance. Their argument is that such finance will reduce migration flows; that we should support and protect prosperous and sustainable econom...
Blog Post
June 14, 2023
An interesting paper (and podcast) by Francis Fukuyama and Michael Bennon look at China’s Belt and Road Initiative (BRI) and recent debt distress in BRI project countries, building on work by Scott Morris and co-authors that examined 100 Chinese debt contracts with foreign governments. BRI has invol...
Blog Post
April 24, 2023
That said, there are reasons to doubt that a declining working age population would have a long-term effect on prices. They are based on an argument that economists have long made when it comes to migration into economies where the domestic labor force was still expanding, termed the “lump of labor ...
Blog Post
February 27, 2023
The European Commission has quietly announced that it now has major ambitions to recruit international workers for its green transition. This is sensible, necessary, and can be positive for all involved. It will, however, face challenges. This blog reviews the EU’s goals, and suggests ways to go abo...
Blog Post
November 25, 2022
COP27, just concluded in Sharm El-Sheikh, was dubbed the ‘implementation COP’ by its Egyptian hosts. But it’s very difficult to implement without workers. The COP27 agreement emphasises that a “just and equitable transition” must include “workforce and other dimensions.” This short, vague language c...