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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.
In a recent paper, Kate Ambler and coauthors studied the impact of one-season cash transfers for agricultural investment in Senegal and Malawi, using data from a randomized control trial (RCT) in each country. They found evidence that transfers reduced both the number of decision makers and female decision making in Senegal in the short-run, particularly for measures directly related to agriculture. However, the effects disappeared two years after the transfers. Conversely, the authors find transfers in the Malawi program led to robust transitory increases in these measures, seeing a greater impact related to the number of decision makers in the household persisting after two year period. Join us for the latest CGD Invited Research Forum to discuss these opposing findings on the effects of cash transfers on household decision making.
Indian agriculture remains vulnerable to the vagaries of weather, and the looming threat of climate change may expose this vulnerability further. Using district-level data on temperature, rainfall and crop production, Siddharth Hari’s paper first documents a long-term trend of rising temperatures, declining average precipitation and increase in extreme precipitation events. One key finding is that the impact of temperature and rainfall are felt only in the extreme: when temperatures are much higher, rainfall is significantly lower, and the number of “dry days” greater is than normal. He also finds that these impacts are significantly more adverse in unirrigated areas (and hence rainfed crops) compared to irrigated areas. Can policy makers react to the challenges of climate change and find ways to get “more crop for every drop?"
Estimating intergenerational mobility in developing countries is difficult because matched parent-child income records are rarely available and education is measured very coarsely. In particular, there are no established methods for comparing educational mobility for subsamples of the population when the education distribution is changing over time.
In their recent paper, Sam Asher and coauthors present new methods and new administrative data to overcome this gap, and study intergenerational mobility across groups and across space in India. They find that the intergenerational mobility for the population as a whole has remained constant since liberalization, but cross-group changes have been substantial. Rising mobility among historically marginalized "Scheduled Castes" is almost exactly offset by declining intergenerational mobility among Muslims, a comparably sized group that has few constitutional protections. These findings contest the conventional wisdom that marginalized groups in India have been catching up on average. The paper also explores heterogeneity across space, generating the first high-resolution geographic measures of intergenerational mobility across India, with results across 5600 rural subdistricts and 2300 cities and towns.