March 20, 2009
Every revision of global growth predictions has been heading towards zero, and now the IMF, in its report to the G20 finance ministers’ meeting last weekend, has taken the next step. It predicts the world economy will shrink in 2009, (by minus 0.5-1%) for the first time in 60 years. It’s pretty safe to assume that this won’t be the
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‘Moving Out of Poverty’: Outstanding new mega-study from the World Bank
March 18, 2009
One of the best books I have ever read on development was ‘Crying out for Change’, a summary of a massive late 1990s study by the World Bank called ‘Voices of the Poor’. So it was a delight to pick up the summary of its new and epic successor ‘The Moving Out of Poverty Study’ (I’ve got the book on
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The Millennium Development Goals: what have they achieved? What next?
March 16, 2009
Last week I spent a day closeted with statisticians, UN officials and academics reviewing the MDG phenomenon. Agreed off the back of the Millennium Summit in (unsurprisingly) 2000, the MDGs, setting out 2015 global targets on everything from health to education to poverty, have become a familiar part of the aid landscape, a reference point for politicians and donors, but
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How badly is the crisis hitting the poorest countries? Here’s what the IMF thinks
March 12, 2009
The IMF has a new paper out summarizing the impact of the global crisis on 78 ‘low income countries’ (LICs) – the world’s poorest, many of them in Sub-Saharan Africa. Its findings include:
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What happens when you give people money (rather than food or blankets) after a natural disaster? Some evidence from Zambia
March 11, 2009
When disaster strikes in the shape of floods or droughts, aid agencies traditionally ship in food and blankets, often over great distances. But increasingly, people are trying out a novel alternative – give people envelopes full of cash and let them buy what they need. I’ve just been reading an evaluation of two such exercises in response to floods in
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Oxfam license to operate in northern Sudan revoked
March 5, 2009
This entry was posted by Oxfam Media Unit on March 5th, 2009 at 12:00 pm – don’t think I’ll risk any editorializing on this one: ‘Oxfam GB has begun to temporarily relocate international staff to Khartoum and some national staff to state capitals in Darfur while it appeals the government’s decision to revoke its registration to work in Sudan. The
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I’ll see your trillion and raise you another one: how big a bailout does the developing world need?
March 5, 2009
Talk of mere billions is for wimps these days. I’ve just read two proposals for ‘big numbers’ on bailouts to help developing countries get through the global economic crisis, one from the World Bank’s chief economist, Justin Lin, and the other from Washington thinktank CGD’s Nancy Birdsall. Nancy’s paper, entitled ‘How to Unlock the $1 Trillion’, reckons ‘as much as
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Can 17th Century Britain help us design better social protection?
February 17, 2009
I recently listened enthralled to Simon Szreter of Cambridge University at an ODI conference on growth and equity (more on that later). Simon set out some of the history of social protection in the UK and its possible implications for today’s developing countries. For the two centuries before the industrial revolution, the UK had a universal system of decentralized social protection
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Medical myth-busting: Why public beats private on health care provision
February 12, 2009
Today Oxfam publishes Blind Optimism: Challenging the myths about private health care in poor countries, written by my colleague Anna Marriott. She summed up the arguments in this op-ed on the Guardian’s Comment is Free website, and was in Washington this week driving the message home to the World Bank, whose default position of ‘private good, public bad’ has so far proved remarkably
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What is Gordon Brown thinking on the G20 summit?
February 9, 2009
I joined a roomful of suits today for an hour with the PM. The venue was Lancaster House, the pink marble and gilt architectural cheesecake that will be the venue for the G20 summit on 2 April. Perhaps there’s guilt as well as gilt – Lancaster House previously hosted talks that led to the independence of Zimbabwe, Ghana and Kenya,
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Greed, Fear, Deregulation and previous crashes: the origins of the meltdown
January 28, 2009
Rich pickings in this week’s Economist with a special report on the future of finance, and a nice briefing on ‘global economic imbalances’ that ties together the East Asian crisis of the late 90s with the current mess. The story runs like this, (allowing for my non-Economist spin) The East Asian financial crisis of the late 90s was caused by
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A Billion Hungry People – remember the food price crisis?
January 26, 2009
Read this paragraph: ‘Despite the recent creation of a United Nations High Level Task Force, there is still little coordination or collaboration among UN organisations, the World Bank/International Monetary Fund (IMF) and other donors. There is no functioning global mechanism to ensure coordination and policy coherence of the various actors, thus adding complexity to the response effort and reducing efficiency,
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