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The African Development Bank is an amazing turnaround story. The regional development bank was close to shutting down after losing its AAA credit rating in 1995 and, worse, squandering the confidence of its shareholders.
Development agencies are increasingly interested in making aid more transparent, stakeholder-led, and effective by expanding the use of payment by results (PbR) — rewarding those implementing projects on the basis of results delivered instead of paying for inputs. For payment by results to work, you have to get a lot of things right. It has to be for the right kind of programme targeting the right results, properly measured and rewarded in the right way. These issues, and more, are laid out in Stefan Dercon and Paul Clist’s 12 principles for payment by results (PDF).
Angus Deaton said he didn’t mind poverty analysis as long as the poverty line is infinity. Stevenson and Wolfers (2013) assemble the array of survey based measures of subjective well- being (SWB), such as “life satisfaction” or “happiness” and search for income satiation.
On a recent trip to California I had the chance to meet with the experts in the state government who are managing the development of the world’s only carbon market program that will generate funding to reduce deforestation in tropical forest countries. Since deforestation is an important source of carbon emissions climate policy experts are watching to see how California’s program evolves.
Thirty national governments and over 235 organisations from more than 60 countries have signed the Girl Summit Charter (PDF) advocating for an end to female genital mutilation (FGM) and child, early, and forced marriage “within a generation.” The charter was launched on July 22nd as part of the Girl Summit jointly hosted by the British government and Unicef.
The UN Open Working Group (OWG) on Sustainable Development Goals completed its outcome document a few weeks ago, putting forth 17 goals and 169 targets. The optimistic take: that’s only just over twice the number of goals in the Brazil-Germany World Cup match. But for all the space devoted to targeting almost every conceivable area of global progress, there was one topic on which the OWG was notably silent: what’s the purpose of all of this?