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IDA Funding for Refugees and Hosts: 5 Ways to Improve and Why We Need More

On average, a refugee is displaced for 10 years, and after being displaced for five years, the average jumps to more than 20 years. The world could no longer ignore this reality in 2015, when more than one million asylum seekers and migrants arrived to Europe seeking refuge and opportunity. The phenomenon, however, was nothing new for the numerous refugee-hosting countries around the world. These countries, many of which are in the developing world, are all too familiar with the limits of traditional humanitarian approaches—short-term, siloed, and focused on life-saving needs.

international currencies

Redesigning the IDA Private Sector Window for Impact: Some Principles and Potential Practices

I have previously suggested that the current design of the $2.5 billion World Bank/IDA Private Sector Window (PSW) seemed an inefficient use of scarce aid resources, didn’t follow the World Bank’s own guidance on disclosure and design of subsidies to the private sector, and is noncompetitive, nontransparent, and unstructured. In this blog post, I offer some ideas on how the World Bank Group could reconstruct the PSW towards real development impact in the next round of IDA funding, to be negotiated in 2019.

The International Finance Facility for Education: The Wrong Answer to the Right Question?

Donors are considering a proposal for a new “innovative finance mechanism” to increase funding for education, based on recommendations from Gordon Brown’s Education Commission. We agree that we need to finance an expansion of education in the developing world. But sadly, the International Finance Facility for Education (IFFEd) proposal is too good to be true. Using donor guarantees to increase lending by multilateral banks could increase the supply of loans—but there are simpler ways to do that without setting up a new facility.

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