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In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Avnish Gungadurdoss, Co-Founder and Managing Partner, Instiglio
Amanda Glassman, Senior Fellow, Center for Global Development
ABOUT THE EVENT
Results-Based Financing (RBF) is a funding modality increasingly used to enhance the effectiveness of development spending. By tying funding to pre-defined and rigorously measured outcomes, RBF focuses delivery incentives on results and improves the cost-effectiveness of programs.
Instiglio has championed the systematic expansion of RBF for social programs, notably through the world’s first Development Impact Bond (DIB) in education (Educate Girls Development Impact Bond) completed in India with positive results, including 160% achievement of its learning outcome target. Instiglio continues to pioneer RBF approaches in low- and middle-income countries, helping governments and other development practitioners improve effectiveness via financing programs based on results and sustaining improvement through performance management.
In this event, Instiglio’s Co-founder and Managing Partner, Avnish Gungadurdoss, will share knowledge from Instiglio’s experience, speak to the latest trends, and generate awareness and interest in RBF mechanisms and their potential to unlock greater impact. Specifically, Avnish will share:
- Instiglio’s experience and the key lessons learnt from designing and implementing impact bonds in international development; from the importance of performance management, to how incentive structures have played out on the ground, to how risks of perverse behavior and other challenges were addressed in various geographies.
- Key insights on how the RBF space is evolving towards piloting outcomes funds, a new kind of infrastructure to facilitate systematic and results-oriented sectoral innovations. Avnish will anchor the conversation on Instiglio’s practical experience and involvement in various outcomes funds which seek to improve results in various sectors, such as poverty alleviation and health.
We will host a networking brunch immediately following the discussion.
Over the past two decades tremendous progress has been made to improve girls’ access to schooling. Data on learning similarly shows that gender gaps are closing or largely closed. Yet education systems are still failing to meet one important objective: achieving gender equality and women’s empowerment in terms of adult life outcomes. Against the backdrop of improvements in schooling and learning, women still bear the brunt of inequalities in female income, political participation, exposure to gender-based violence and reproductive autonomy. The panel will attempt to answer a key question: how can girls’ education improve adult life outcomes for women?
Over the last 25 years, Mexico has benefited from robust trade and financial integration with North America and strong domestic macroeconomic and financial stability, although much remains to be done on the socioeconomic front.
Against this backdrop, the economy is currently facing strong domestic and external headwinds. At home, the economy has slowed since last year, with real GDP contracting 0.2% in 1Q2019, reflecting low productivity in Mexico and softer growth in the United States. President Andrés Manuel López Obrador (AMLO) has announced protectionist policies, which are not supportive of private investment. From the external side, the lingering uncertainties about Trump’s tariffs on Mexico's imports could have a major negative impact.
How should Mexico deal with these challenges? The Latin American Committee on Macroeconomic and Financial Issues (CLAAF) will discuss central questions on a) the best policy responses to market uncertainties, b) the best way to deal with the immigration flood, which is playing a key role in Trump's new tariff threats, c) what Mexico’s policymakers can learn from the recent experiences in Argentina and Brazil, and d) the most pressing reforms needed to restore investors’ confidence and Mexico's economic growth.
A light breakfast and coffee will be available at 9:30 a.m.
In this new World Bank Policy Research Report, Moving for Prosperity: Global Migration and Labor Markets, Çağlar Özden attempts to address the tension between the academic research and the public discourse on migration by focusing on the economic evidence. The report suggests a labor market–oriented, economically motivated rationale as an alternative to the political opposition to migration. Global migration patterns lead to high concentrations of immigrants in certain places, industries, and occupations. These geographic and labor market concentrations of immigrants lead to increased anxiety, insecurity, and potentially significant short-term disruptions among native-born workers.
Understanding (and empathizing with) these legitimate economic concerns is critical to informed and effective policymaking. The goal should be to ease the costs of short-term dislocations of native-born workers and distribute more widely the economic benefits generated by labor mobility. Proactive interventions to ease the pain and share the gain from immigration are essential to avoid draconian restrictions on immigration that will hurt everybody. Ignoring the massive economic gains of immigration would be akin to leaving billions of hundred-dollar bills on the sidewalk.
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, Murat Yülek’s new book, How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development, sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. Explaining technical concepts in understandable terms, the book introduces a stylized industrialization process in four stages and locates different countries on the process map. He illustrates how picking-the-winner type industrial policies –a controversial issue among the economists –have worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. As trade wars and (pre-mature) de-industrialization become the zeitgeist of today, the book shows the links between global (im)balances and economic development explaining export-led growth as well as import-led slowdowns.