Foundations are stepping up their engagement in Sub-Sahara Africa. But will that fundamentally alter the dynamics on the ground? When Warren Buffett donated $30 billion to the Bill and Melinda Gates Foundation a few years ago, many observers heralded the arrival of a new age of private philanthropy in the Carnegie and Rockefeller tradition. Particular attention has been paid in recent years to the growing engagement of philanthropic foundations in international development, and especially in Sub-Saharan Africa. Enthusiasts have pointed out that foundations offer a new and significant source of financing for development, with the potential to outstrip official development [...]
China’s rapid rise as a global economic power was brought into sharp relief during the March 2009 G-20 finance ministers meeting when, for the first time, pundits speaking about the event used the label “G-2” to signal that the world — economically speaking — now had two contending powers: China and the United States. China’s rise has, in turn, sparked enormous interest in its development model and the contrast that presents to much of the “Washington Consensus” on development policy. At the same time, the Chinese have sharply increased their foreign assistance, most visibly in Sub-Saharan Africa, after a lull [...]
BUENOS AIRES, Argentina — Last January, a group of World Bank scientists withdrew from the Guarani aquifer region in South America, after almost nine years spent elaborating a detailed picture of the water table there. Located beneath the surface of Brazil, Argentina, Uruguay and Paraguay, the Guarani is not only the world’s third-largest aquifer. It is also the only uncontaminated one of those three. With a volume of almost 55,000 cubic kilometers, it could supply drinking water to the world’s entire population for 200 years. The aquifer’s four countries decided not to renew the World Bank’s investigation license, which had [...]
