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paddycarter.bsky.social
Head of development economics at British International Investment, formerly CGD, ODI, lapsed academic economist and macroeconomics hobbyist. https://sites.google.com/site/paddycarter/
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Kim Deal at Roundhouse just now, best gig I've been to in many years. New album hadn't clicked but live each element shone brighter and fitted together beautifully. Then she did some Breeders tracks ....

AI was used to produce this report. It took lots of iterations, and I was not confident it picked out the importance points. The consultants have added the prompts and process they used as an annexe. If you are an AI expert user, I'd be interested in your feedback on what they did.

The 'Compromiso de Sevilla' says international support must align with national strategies. What are those strategies? A new @britishintinv.bsky.social report summares the national development strategies of (almost) every African and South Asian country (where we have an investment mandate).

One for fellow desalination technology watchers out there (or climate adaption tech watchers). Deep sea desalination, promising big cost savings and less harms to ocean ecosystems. Three companies working on it: www.waterise.com www.flocean.green www.oceanwellwater.com

WB has a chapter of GEP looking at collapse of FDI into EMDEs. www.worldbank.org/en/research/... but the way they estimate impact of FDI as a level effect change in GDP leaves me wondering why we care - these are small numbers, right? Can't they find an effect on growth *rates* (not level)?

hmm. I reckon advertising that "does not interfere with personal chats" is advertising that nobody looks at. That chocolate teapot won't last. www.ft.com/content/25bc...

NBER "endogenous degrowth" is misusing the term. "material production stabilising at a finite level" from shift to weightless economy is not degrowth. Degrowth is: "rich countries can & should reduce material consumption and could do it without much reducing welfare" www.nber.org/papers/w33634

another paper showing that the cost of reaching very high renewables penetration on grid rises sharply, which I suppose might change how we think about expensive nuclear generation. www.dropbox.com/scl/fi/xd3an...

What does yesterday's Spending Review mean for public spending? The Government has massively increased departmental spending compared to its predecessor’s plans. Our full overnight analysis is now available ⤵️ buff.ly/77wgpFA

recording of a seminar explaining the updated methodology behind the World Bank's country sector diagnostics worldbankgroup.webex.com/recordingser...

Not a word on costs, but here's an air to fuel machine small enough to brew petrol in your back garden www.dezeen.com/2025/06/04/a...

I don't recall seeing this before - belated recognition an IFI that the SDG "financing gaps" are not realistic, and also that 'crowding in international private finance' is easier for 'wealthier developing countries' www.imf.org/en/Publicati...

rural migrants moving to city slums experience an immediate income gain, but do they then get stuck in urban poverty? Tracking individuals in Brazil shows different experiences in northern and southern cities. Authors suggest segregation prevents benefits of agglomeration cepr.org/voxeu/column...

This sounds promising, but if the more expensive existing industrial CO2 supply it's undercutting uses by-product from O&G and other chemical processes, does that mean that CO2 will now be vented into the air? www.reuters.com/press-releas...

@voxdev.bsky.social has rooted out further rare examples of "win-win" policies and investments from its research library: voxdev.org/topic/win-wi...

Economic development can't stop just because people are angry and nations are aggrieved. Indermit Gill, Rachel Glennester, and I advance some views on the way ahead. blogs.worldbank.org/en/developme... @cgdev.org @rglenner.bsky.social

new blog about the incredible @britishintinv.bsky.social investee Virunga Energies, still supplying electricity in Goma amidst the war, and the many benefits of electric cookers and the role of grant aid & DFIs www.bii.co.uk/en/news-insi...

🆕 Helping Schools Survive: Opportunities for Impact Investment in Global Education On Monday June 23rd, we will be joined by Sandeep Aneja, Jishnu Das, Steve Hardgrave, Asim I. Khwaja & Laura Savage. Joint webinar w/ @harvardcid.bsky.social, register here: cepr-org.zoom.us/webinar/regi...

this is terrific and if I read it right, it looks like the excesses of big tech are turning the Chinese back into communists

🤔 Curious about how Development Finance Institutions create their own ventures to address development gaps? Join this Friday's #PSDRN seminar to learn more with @paddycarter.bsky.social, @neilgregory.bsky.social, & Nerea Craviotto Ortega - hosted by @odi.global. 🔗 Register here: lnkd.in/eXkWD9D2

WB analysis of the potential for SAF production in Africa documents1.worldbank.org/curated/en/0...

can it really be true that firms did not increase investment in response to a lower cost of capital because they did not update the discount rates they use to evaluate projects? kilianhuber.github.io/website/Gorm...

I have just discovered Sunderlandia - oro.open.ac.uk/88995/ - a short-lived builders cooperative in Sunderland. Jesse Armstrong should do that next.

this is really grim reading - it seems climate change really has already disrupted the life cycles of insects and is wiping them out globally - it doesn't seem to be pesticide use. I would not have guessed at such sensitivity to small climatic changes. www.theguardian.com/environment/...

How do equity and debt contracts impact small firm owners differently based on their individual risk preferences? Read today's article w/ Muhammad Meki (@odid-qeh.bsky.social @oxfordcsae.bsky.social)

It's about the USA but I presume there are lessons here for other countries. Seven policies that could reduce fiscal deficits by causing growth: high skill immigration, housing regulation, safety nets, electricity transmission, government R&D, business investment tax, infrastructure permits.

In case you are in Berlin tomorrow and want to hear me go on about virtual power plants: rserc-berlin.github.io/seminar/Ralf...

when the Post Office sees your package has a payment label printed by a Post Office, which weighted the package and told you how much postage needed paying, how about they don't then impound your parcel for under-paid postage? it's not too much to ask.

Africa’s private sector is not just open for business — it’s delivering returns, building futures, and creating real momentum across the continent. Here's a closer look. ⬇️