What We’re Reading 7/16/09

Secretary of State Hillary Clinton delivered a major foreign policy address at the Council on Foreign Relations yesterday. Among other issues, she discussed elevating development in American foreign policy, the need to increase aid effectiveness, and the importance of focusing on women in fighting poverty. Watch the video here . Or read the full text here . Pan African News Agency: AfDB President Warns of Unpredictable Donor Funding African Development Bank President Donald Kaber

Not Letting the Vultures ‘Carri-on’: New African Legal Support

On Monday, the African Development Bank (AfDB) launched the Africa Legal Support Facility. The initiative is intended to provide funding and advice to African governments navigating complex commercial transactions or facing litigation by vulture funds. As the name implies, these funds ‘prey’ on distressed investments purchased at heavy discount (the ‘carrion’ of the financial world, for those who like my pun), including the cheap debt of struggling companies and countries. The funds t

MICROCAPITAL PAPER WRAP-UP: Migrant Remittances: A Development Challenge, Published by the African Development Bank Group

“Migrant Remittances: A Development Challenge”, Published by the African Development Bank Group, 2009. Available at: http://collab2.cgap.org//gm/document-1.9.34957/Migrant%20Remittances,%20a%20Development%20Challenge.pdf This 85 page report presents the results of the African Development Bank (AfDB)’s 2007 extensive study on migrant remittances. The study involved a survey of emigrants from Morocco, Senegal, Mali, and the Comoros as well as beneficiaries in the countries. The African countri