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In a world of horrible development jargon and TLAs, one of my least favourite is "Policy Coherence for Development (PCD)".
This ugly phrase is meaningless to most people; worse, it is misleading. It suggests that we care more about whether we have joined-up policies than we care about the overall impact of our policies on poor people and poor countries.
This piece was originally posted on Owen Barder's blog, Owen Abroad.
The mainstream broadcast media do not always do a good job of covering international development issues. The constraints of the medium mean that they have to pitch much of their content to a broad audience. Poverty porn sells better than nuanced analysis. One reason I like podcasts is that they are not constrained in the same way as the media. They can be targeted at niche audiences out in the long tail of the distribution. There is a small group of people with an appetite for a more long-form analysis of development which mainstream media are normally not able to serve (though it amazes me that the BBC World Service does not have room anywhere in its schedule for a hour-long programme devoted to development.)
Duncan Green recently took on the subject of Development Impact Bonds and impact investing in this blog post, and raised a few reasons for skepticism. As he anticipated, we didn’t really agree with the concerns that came up and wanted to explain why.
The agenda for action to tackle illicit financial flows has passed an important threshold. While the G-8 meeting which concluded today did not agree everything that had been hoped, there was tangible progress in two out of the three main areas.
On the eve of the Social Impact Investment summit in London this Thursday, 6th June, I am excited that CGD and Social Finance are releasing a consultation draft of the report of the Working Group on Development Impact Bonds that we have convened over the past year.
International tax has continued to rise up the political agenda, and the crucial UK-hosted G-8 meeting is now approaching. We’ve updated our draft declaration that we would like to see from that summit, to reflect discussions that have taken place since then, and many valuable comments from a wide range of contributors.