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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Philippe Le Houérou at the WEF. Photo by World Economic Forum / Jakob Polacsek

Aid Transparency and Subsidies to Private Companies: A First Step, But a Long Road Ahead

Today the IFC announced a step forward in its transparency around the use of aid resources to finance private companies. That’s right and proper: When scarce aid, and scarce tax resources, are used to support private firms, citizens of donor countries and recipient countries alike have a right to know where the money is going to and how generous the terms. A number of us at CGD had been calling for greater transparency around subsidies to the private sector from the IFC and other development finance institutions, so this is a welcome first step. However, a few aspects have might be cause for concern.

Africa CEO Forum

UK Aid Watchdog to CDC: Time to be More Accountable, More Transparent on Development Finance

The Independent Commission for Aid Impact (ICAI) issued a report this week on the performance of CDC–the UK’s development finance institution–in low-income and fragile states. ICAI gives CDC an Amber/Red rating on its performance, which means “unsatisfactory achievement in most areas, with some positive elements.” In particular, the commission says that CDC has not done enough to monitor its performance. 

The World Bank Gets Open

The World Bank has responded to concerns about its recent agreement with Google with a welcome announcement that it will only support mapping collaborations which make crowd-sourced data publicly available – and that means not collaborating this way with Google.

B-Span and a Broader Vision of Public Information from the World Bank

This is a joint post with Michele de Nevers.

The World Bank’s expanding public information mandate is the focus of Stephanie Strom’s excellent article in Saturday’s New York Times. During Robert Zoellick’s tenure as the Bank’s president, he has promoted free public access to databases that formerly required a paid subscription, such as the World Development Indicators, or were simply unavailable (such as detailed information on the location, design, objectives and performance of Bank projects). We have no doubt that this excellent initiative will be a boon to development analysts and scholars worldwide.