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Amanda Glassman says the World Bank and the regional development banks should be considered as an alternative to public-private partnerships to tackle non-communicable diseases.

The CGD and Social Finance Development Impact Bonds Working Group is designing a new type of investment vehicle to attract private investors who want to do good and do well while delivering development outcomes. My guests this week are two of the group’s three co-chairs: Elizabeth Littlefield, President and CEO of the US Overseas Private Investment Corporation; and Toby Eccles, founder and Development Director at Social Finance, a UK-based non-profit that has pioneered a similar investment vehicle, the Social Impact Bond or SIB.

I recently spoke with Elizabeth and Toby following the working group’s second meeting here in Washington. Owen Barder, the third co-chair, joined the meeting via video link from London and did not join us for the Wonkcast.

Being able to prove who you are is a powerful tool that can serve as a basis for exercising rights like voting, accessing financial services and receiving transfers, and reducing fraud. Yet billions of people in the developing world lack a means to officially identify themselves. In this week’s Wonkcast, Alan Gelb and Julia Clark draw from their ongoing research on biometric technology and development to explain how developing country governments and donors can tap advances in biometrics to help empower poor people.

In this episode, Owen talks with author and economist Diane Coyle about her latest book ‘The Economics Of Enough, How To Run The Economy As If The Future Matters’.

Diane shares her thoughts on economic growth as a satisfactory goal for economic and social policy, and discusses the measure of Gross Domestic Product in relation to indicators of happiness and welfare. She also explains her ‘manifesto for enough’ in relation to how it addresses these issues, along with how much it leaves unresolved.

Development Drums is hosted by Owen Barder and produced by Anna Scott at the Center for Global Development in Europe.

In this CNN interview Senior Fellow Liliana Rojas-Suarez argued that the Fed's recently announced expansionary monetary policy (QE3) is a response to the lack of action by the US Government and Congress to solve the real problem facing the US: the country's fiscal and debt positions. While not ideal, the Fed's policy is an attempt to improve consumers' expectations who have become highly risk adverse in the face of large uncertainties both in Europe and in the US.
Liliana explained that, in contrast to events in 2010, this time around the effects of the Fed's policies will have less adverse effects on Latin America and other Emerging Market Economies. The central reason is that these countries' current economic cycle is one characterized by declining economic growth resulting from a reduced global demand for their products. This in turn is the result of a global slowdown that includes advanced economies and China. In Liliana's view, to the extent that the Fed's actions can improve markets' confidence, the positive effect--however limited--on US aggregate demand will offset the adverse effects on currency appreciations in Latin America and other economies.