CGD's weekly Global Prosperity Wonkcast, event videos, whiteboard talks, slides, and more.
Rita Perakis explains a new financing mechanism called Development Impact Bonds. DIBs would provide upfront funding for development programs by private investors, who would be remunerated by donors or host-country governments—and earn a return—if evidence shows that programs achieve pre-agreed outcomes.
Imagine that a government employee holding an unfamiliar device and a laptop offers to scan your iris and create for you a unique identification record. Would you agree? For hundreds of millions of people in the developing world, the answer is unequivocally “yes!”
My guests on this Wonkcast are among the world’s leading experts on the burgeoning field of biometric identification and its role in development. Senior fellow Alan Gelb and policy analyst Julia Clark are the authors of a new CGD working paper, Identification for Development: The Biometrics Revolution, the first global survey of the development applications of a potentially transformative new technology. They tell me that biometric identification systems could be the next big thing in development, similar to microcredit and mobile phones in the far-reaching ability to transform poor people’s lives.
Todd Moss, senior fellow and vice president for programs at the Center for Global Development, demonstrates how leaders of poor countries can beat the resource curse -- the paradox that countries that strike it rich often suffer from high poverty, dismal governance, and terrible corruption. His policy option, called Oil to Cash, helps foster a social contract in resource-rich countries by directly distributing natural resource revenues. Under this proposal, a government would transfer some or all of the revenue from natural resource extraction to citizens in a universal, transparent, and regular payment--and, importantly, then tax part of it back.
On January 21st, Senior Fellow Liliana Rojas-Suarez was interviewed by CNN in Santiago, Chile about the recent growth recovery in China and its effect on Latin America. Although Liliana recognized that growth prospects in the region have improved for 2013 in light of China's recent events.
Last month members of the Latin American Shadow Financial Regulatory Committee (CLAAF) convened at CGD to discuss fiscal and monetary issues affecting the region. The claaf, which meets here twice a year, usually offers policy and regulatory recommendations for finance ministers and central bankers in the region. This time the committee proposed something quite different: the five-page statement claaf issued after two days of deliberation recommended the creation of a new regional financial institution—a Latin American Liquidity Fund, to supplement the efforts of the International Monetary Fund (IMF) when the next global financial crisis hits.
Join us for a MADS featuring Lant Pritchett. Pritchett will be discussing a new working paper, which reframes the impact evaluation debate. Monitoring and Evaluation (M&E) has always been an element of implementing organizations’ accountability to their funders, and recently there has been a push for much greater rigor in evaluations to isolate causal impacts and enable more ‘evidence based’ approaches to accountability and budgeting. Pritchett and his co-author extend the idea of impact evaluation, and show that the techniques of impact evaluation can be directly useful to implementers, rather than a potentially threatening accountability mechanism. They introduce the concept of experiential learning (“e”), which allows implementing agencies to leverage monitoring data to search across alternative project designs. Within-project variations in design can serve as their own counter-factual, dramatically reducing the incremental cost of evaluation and increasing the usefulness of evaluation to implementers. The right combination of M, e, and E provides the right space for innovation and organizational capability building, while at the same time providing accountability and an evidence base for funding agencies.
When you opt to buy fair trade certified coffee at the grocery store instead of uncertified, how much good are you doing? My guest on this week’s Wonkcast, Kimberly Ann Elliott, draws on her recent policy paper,Is My Fair Trade Coffee Really Fair? Trends and Challenges in Fair Trade Certification, to tell me why the answer may be more complicated than you’d think.
Mead Over says the United States has been a leader in the fight against the global AIDS epidemic, spending billions of dollars through the President's Emergency Plan for AIDS Relief (PEPFAR) to hel
This Wonkcast was originally recorded in May, 2012
Since the 2010 earthquake, $6 billion has been disbursed in official aid to help the people of Haiti. Nearly all of it has gone to intermediaries such as international non-governmental organizations (NGOs) and private contractors. Yet there has been a surprising lack of reporting on how the money has been spent. CGD senior fellow Vijaya Ramachandran and research assistant Julie Walz try to follow the money in a new CGD policy paper: “Haiti: Where Has All the Money Gone?” They joined me on this week’s Wonkcast to explain their findings.
In this CNN interview, Senior Fellow Liliana Rojas-Suarez explains that while the region’s economic growth prospects remain strong for 2013, there are some factors that will limit its growth potential. First, external financing needs in the region, as measured by the current account of the balance of payments are widening. This, together with the presence of fiscal deficits in most countries (with the notable exception of Chile and Peru) reduce the region’s resilience to a potential external shocks (such as an exacerbation of the Eurozone crisis). Second, institutional weaknesses and political constraints will hurt some countries in the region, notably Argentina and Venezuela. However, Liliana expects that political constraints to undertake much needed infrastructure investments in Brazil will be eased in 2013, partly motivated by the 2014 World Cup.
Economists, development and otherwise, often assume that people given the right information will make informed decisions in their own best interest. Not! Just like the rest of us, the poor people targeted by development programs sometimes lack self-control and fail to take actions that would benefit them in the long run, even when they understand the potential benefits.