2015 is almost here. And while it looks as though we will be adding rather than crossing off items from our 2014 wish list for US development policy, we’re electing to remain optimistic about the year ahead. And check out Nancy Birdsall’s request for help updating her 2014 wish list here.
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.
Denizens of Climate World are gearing up for the “Climate Summit” being hosted by UN Secretary General Ban Ki Moon in New York on September 23rd. The Summit is designed to elicit “bold commitments to action” from leaders of government, business, finance and civil society in eight areas deemed critical for avoiding catastrophic climate change.
Administrators in colonial-era Delhi, the story goes, had a problem. The growing capital city bordered agricultural land, bringing more people into occasionally deadly contact with a subcontinental rogues gallery that included cobras and banded kraits.