Ideas to Action:

Independent research for global prosperity

Multimedia

CGD's weekly Global Prosperity Wonkcast, event videos, whiteboard talks, slides, and more.

Development Impact Bonds – Elizabeth Littlefield and Toby Eccles

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.

Grameen Bank Heist and Burma Debt – David Roodman

David Roodman

Our Wonkcast this week covers two separate topics and two international figures recently in the news. First, Muhammad Yunus is considered the father of microfinance as the founder of Grameen Bank. Why then has he been removed from his post? What does it mean for the future of Grameen? Following up, we discuss another Nobel peace prize winner, Aung San Suu Kyi, and the future of Burmese debt.

The Global Fund and Value for Money – Amanda Glassman

Amanda GlassmanIn this austere budget climate, generating “value for money” (VFM) is a top concern for global health funding agencies and their donors, who want the biggest bang for their buck in terms of lives saved and diseases controlled. To this end, CGD has convened a working group to help shape the VFM agenda for global health funding agencies, with a particular focus on the Global Fund to Fight AIDS, Tuberculosis and Malaria. Leading these efforts is my guest this week, Amanda Glassman, a senior fellow and director of the global health policy program at the Center for Global Development.

On Populism and (Electric) Power in India -- Arvind Subramanian

Arvind SubramanianElectric power has been restored across northern India to the 600 million people who recently found themselves sweltering in the dark. But the massive blackouts have left lingering questions about the country’s ability to provide the infrastructure necessary to sustained growth and poverty reduction.

CGD Fellow Arvind Subramanian puts the blame on populism—a tendency of politicians to promise free or heavily subsidized electricity and officials to turn a blind eye to power theft—that has left India with an undercapitalized, inefficient power sector that has much higher transmission and distribution losses than other countries at a similar level of development.

Assessing the Los Cabos G-20 Summit and Rio+20 Earth Summit: Implications for Development (Event Video)

Over the course of one week, world leaders convened in Los Cabos, Mexico, for the G20 Summit and in Rio de Janeiro, Brazil, for the United Nations Conference on Sustainable Development. The outcomes of these two high-level meetings have potentially important implications for poor people in the developing world in three key areas: food security and agriculture, energy, and green growth. U.S. representatives to the Los Cabos G20 and Rio+20 summits, and other distinguished speakers joined us for an assessment of these summits and the road ahead.

Program-for-Results (PforR) Financing: Current Progress and Next Steps (Event Video)

David Roodman

Program-for-Results (PforR), a new World Bank lending instrument, is one of several innovative approaches to development aid that focus on measurable development outcomes. Proponents argue that PforR will help strengthen institutions, build capacity, and enhance partnerships. Critics contend it may bypass hard-won social and environmental safeguards. This event will include an overview of the approach followed by a panel discussion with aid experts with a variety of perspectives.