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Begin New Search Topic International Affairs Content Type Special Report Publishing Institution Center for Global Development Publication Year within 10 Years

1. The Dilemma of the African Development Bank: Does Governance Matter for the Long-Run Financing of the MDBs?

Author:
Nancy Birdsall
Publication Date:
12-2018
Content Type:
Special Report
Institution:
Center for Global Development
Abstract:
Does governance matter for the long-run financing of the multilateral development banks? The structure of governance of the legacy MDBs (the World Bank and the four major regional development banks founded in the twentieth century) ideally should minimize any tradeoff between the confidence of creditor shareholding countries, on which an MDB’s own financing depends, and the sense of ownership, legitimacy, and trust of borrowing countries, on which the MDB’s effectiveness in supporting development in those borrowing countries depends. Among the five legacy MDBs, the African Development Bank stands out as the one where the governance arrangements, including the distribution of shares and votes between borrowers and nonborrowers, most favors borrowers. Indicators of the AfDB’s relative financial strength (a measure of creditworthiness based on sovereign members’ vote shares, and a measure of the capacity of each bank’s members to engage in collective action or cooperation in raising financing) indicate that its current governance is likely to make it less competitive than its sister MDBs in sustaining creditor (or “donor”) confidence in its operations over the long run, and thus in raising substantial capital and concessional resources. The governance problem is most obvious in the case of the African Development Bank’s African Development Fund, which today has only about 15 percent of the resources the World Bank has for Africa. The creditors of the AfDB have sufficient control to ensure the Bank’s financial soundness (and AAA rating), but a collective action constraint in pushing for reforms in the Bank’s operations. The paper concludes with ideas for long-run reform of governance at the African Development Bank, modeled more closely on the governance of the Inter-American Development Bank.
Topic:
International Affairs
Political Geography:
Global Focus

2. Revisiting What Works: Women, Economic Empowerment and Smart Design

Author:
Mayra Buvinic and Megan O’Donnell
Publication Date:
11-2016
Content Type:
Special Report
Institution:
Center for Global Development
Abstract:
Expanding women’s economic opportunities bene ts both women and society. Women’s choices widen and societies gain from the contribution that women’s income makes to economic growth and family wellbeing. These bene ts are increasingly well-understood, but much less is known regarding the most effective interventions to empower women economically. The call to nd out what works is long overdue. Gender gaps in economic performance are pervasive and persistent — women earn less than men across countries and occupations, and gender gaps are especially salient in poor countries. A wide range of policies and programs — from long-term investments in health and education to short-term training programs and ‘just-in-time’ information on markets — can potentially help close these gender gaps and bolster women’s economic advancement.
Topic:
Gender Issues, International Affairs, and International Development
Political Geography:
Global Focus

3. Shared Border, Shared Future: A Blueprint to Regulate US-Mexico Labor Mobility

Author:
Carlos Gutierrez, Ernesto Zedillo, and Michael Clemens
Publication Date:
09-2016
Content Type:
Special Report
Institution:
Center for Global Development
Abstract:
Mexico and the United States have lacked a bilateral agreement to regulate cross-border labor mobility since 1965. Since that time, unlawful migration from Mexico to the US has exploded. Almost half of the 11.7 million Mexican-born individuals living in the U.S. do not have legal authorization. This vast black market in labor has harmed both countries. These two neighboring countries, with an indisputably shared destiny, can come together to work out a better way. The time has come for a lasting, innovative, and cooperative solution. To address this challenge, the Center for Global Development assembled a group of leaders from both countries and with diverse political affiliations—from backgrounds in national security, labor unions, law, economics, business, and diplomacy—to recommend how to move forward. The result is a new blueprint for a bilateral agreement that is designed to end unlawful migration, promote the interests of U.S. and Mexican workers, and uphold the rule of law.
Topic:
International Political Economy, International Affairs, Labor Issues, and Border Control
Political Geography:
America and Mexico