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The World Bank is assailed by critics on the left, right and center on the grounds it is not effective, not accountable, not democratic or legitimate, and most threatening of all, not relevant in a global economy where private capital, production, and ideas dominate. Yet the world needs a strong World Bank working with other international institutions to manage development and the related global challenges of the 21st century. Are the Bank's shortcomings exaggerated or potentially fatal? If potentially fatal, can this critical institution be rescued? Rescuing the World Bank explores the...

Cash on Delivery (COD) Aid proposes a new approach to foreign assistance --one that links aid payments more directly to desired outcomes to promote accountability, responsibility, learning, and strengthening of local institutions.

Using an example from education, this book outlines how COD Aid could work in practice. It offers guidance on the identification of measurable outcomes and mechanisms for verification and the management of a variety of risks. The authors provide practical advice, documents, term sheets, and other supporting material that donors and potential recipient...

Failed states are at greatest risk for collapse and pose an urgent threat to international security. Yet, ironically, new U.S. foreign assistance programs such as the Millennium Challenge Account (MCA) routinely bypass these poorly performing countries, while providing increased aid to so-called good performers. This volume provides a lucid account of failed states that are ineligible for this new assistance, thus residing "on the other side of the MCA." The first part analyzes U.S. policy toward the Democratic Republic of the Congo, Nigeria, Indonesia, Yemen, Myanmar, and Central America...

The last few years have seen a steep decline in the perceived legitimacy of U.S. policies and values in the world. How will the next American president regain the country's power and influence so that it is capable of tackling the global challenges of the 21st century? T "he White House and the World "explores areas where changes in U.S. policies can conceivably improve the lives of the poor in developing countries, thereby not only protecting our own national security but also restoring America's credibility in the world. In selected essays, Center for Global Development fellows explore a...

Foreign aid has no shortage of critics. Some argue that it undermines development and inherently does more harm than good; others insist that aid must be seriously reformed to work properly. Cash on Delivery (COD) Aid proposes serious reform to make aid work well by forcing accountability, aligning the objectives of funders and recipients, and sharing information about what works.

Public and private aid can improve lives in poor countries, but the willingness of taxpayers and private funders to finance aid programs depends more than ever on showing results. COD Aid is a funding...

Until recently, students of development have put much more energy into understanding the causes and consequences of absolute poverty than of inequality. But globalization --with its new opportunities for winners and losers, and its new insecurities and competitive pressures --is changing that. Nowhere is the issue of inequality more worrying than in Latin America, the setting for many of the world's most unequal societies. This book presents a dozen ideas or "tools" meant to make life in Latin America more equitable and fair for the great majority of its people. It suggests policies and...

The global financial crisis of 2008-9 has changed the way people around the world think about development. The market-friendly, lightly regulated model of capitalism promoted by the United States is now at risk, and development thinking worldwide is at something of an impasse. Editors Nancy Birdsall and Francis Fukuyama bring together leading scholars to explore the implications of the global financial crisis on existing and future development strategies.

In addressing this issue, the contributors contemplate three central questions: What effect has the crisis had on current ideas in...