The votes are in! Yesterday, MCC’s board of directors met to select countries for FY2015 compact and threshold program eligibility. Last week, I made some predictions about the choices the board would make. Let’s look at yesterday’s decisions and see how I did…
In a nearly unprecedented gesture for a sitting head of state, Liberian President Ellen Johnson Sirleaf joined the Senate Foreign Relations African Affairs subcommittee hearing on “The Ebola Epidemic: The Keys to Success for the International Response” to provide a statement, as well as to answer questions.
The policy debate around whether foreign aid—now $138.5 billion a year—works has been polarized between the “Oh yes it does” camp and those who respond “Oh no it doesn’t.” (Christmas pantomime anyone?)
There is no denying that interest in Social Impact Bonds (SIBs) is steadily growing: with investments coming from big banks like Goldman Sachs and Bank of America Merrill Lynch and approximately 26 SIBs implemented in industrialized countries across the globe (see below for a more detailed listing), an evidence base is starting to accumulate on what works and what doesn’t.
In recent years, donors have been making greater use of performance-based payment approaches to fund development programs. The UK Department for International Development, using the broader term being used across the UK government, has added “Payment by Results” (PbR) to the development lexicon.
For the first time in its seven-decade-long history, World Bank staff staged a work stoppage earlier this month. Staff are unhappy about the “Change Process,” aka the ongoing internal reorganization that President Kim initiated on his arrival at the bank now more than two years ago.