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Overthrowing the unsatisfactory data status quo depends on more than declarations and calls to coordinate and partner. As we and others have noted (here and here), more and better funding is what’s needed to deliver on a data revolution.
International Monetary Fund Deputy Chief Roberto Rosales announced Monday a plan to encourage more countries to publish their economic and financial data in a timely manner, addressing concerns that essential information in developing countries and emerging markets is inaccurate and out of date. The IMF would require countries that adhere to the less stringent of two IMF data-reporting standards to publish their data according to an advance release calendar, as countries on the more stringent standards do.
What areas in Africa have the most critical lack of data and what needs to be done about it? What lessons can be learned from existing data innovations in Africa? What other data revolution principles and concrete actions should Africa adopt? How do we reinforce the data capacity of African development actors?
In recent years, Tanzania has discovered natural gas reserves off its southern coast worth roughly 15 times its annual GDP, at least before the recent oil-price slump. How can Tanzania use that money, if and when it arrives, and avoid the notorious resource curse?
In testimony last week before the Senate Foreign Relations Subcommittee on Africa and Global Health Policy, CGD’s Ben Leo called upon Congress to modernize how the United States supports economic growth in sub-Saharan Africa. The hearing was called to reflect on the progress since the August 2014 US-Africa Leaders Summit in Washington and to address obstacles that continue to discourage greater private-sector engagement in the region.