The vexed question of whether country-by-country (CBC) reports on multinational companies’ tax affairs should be put into the public domain has been a sticking point in debates on responsible tax practice for years.
CGD Policy Blogs
With Jim Kim’s abrupt departure from the World Bank, there has been a swirl of commentary on questions of legacy, the best of which aim to answer the question, “how is the bank doing?” For large multilateral institutions like the World Bank, that’s a frustratingly difficult question to answer. Seemingly objective measures like volume of financing or sectoral targets are simplistic and bring their own value judgements about what the institution should be doing. Annual reports give us a narrative about institutional performance, but a heavily biased one.
This year, donors will negotiate the 19th replenishment of IDA, the triennial fundraising exercise for the World Bank’s poorest clients.
Common Values, Common Rules: How Should DAC Countries Engage with China in International Development?
A truly global international development regime should be based on shared values and common rules, while also respecting the wants and rights of recipient countries and societies. If the Development Assistance Committee (DAC)—the “traditional donors”—find common ground and build mutual trust with China, improved understanding and learning, and transparency, may follow.
I wrote last week that with an Administration and Congress both prioritizing gender equality and women’s economic empowerment, now was a good time to put in place legislation that would leverage the power of US-based multinational enterprises to encourage gender equality in the workplace in countries that legally enforced discrimination. A recent case of US-based multinational enterprises abetting discrimination suggests an extension to the law, and the creation of the new US Development Finance Corporation provides a new tool for the legislation to use.
In our recent paper published by GSMA, we examined two approaches to conducting customer identification, verification, and due diligence (collectively referred to as “know your customer” or KYC) that make it easier for financial service providers to take on new customers: tiered KYC and electronic KYC (e-KYC). Of the two, e-KYC is the more promising long-term approach, but also the more challenging to implement.
In December 2018, the Gavi Alliance hosted a mid-term review to assess progress towards its core purpose: “reach every child everywhere with vaccines against preventable diseases.” The good news is that there’s been advances on new vaccine introductions, and an estimated 65 million children were immunized with Gavi-supported new and underutilized vaccines in 2017. The bad news? There is still huge variability on the measure that counts most for building herd immunity and reducing vaccine-preventable disease: full vaccination for age among children under 2 years old.
Associate Professor of Political Science Yuen Yuen Ang on how to make your data more meaningful, the dangers of big data in cases of oppression, and whether political freedom is really a requirement for technological development.
How can countries escape the natural resource curse? And to what extent do cohesive and democratic institutions facilitate this process? In a new CGD working paper, we look at Nigeria—often seen as the prime example of a country cursed by its wealth. We show that when political institutions are cohesive and power is shared among the diverse groups in a multi-ethnic society, political contests over resource revenues are less likely to be violent. What produces cohesive institutions? Democratic elections.
Today, the Trump administration rolled out the Women’s Global Development and Prosperity Initiative (W-GDP). Pillars one and two seem to suggest a rebranding of existing funding for women’s economic empowerment efforts in USAID and a repackaging of previously announced initiatives at the World Bank and Overseas Private Investment Corporation. But the third pillar is potentially more encouraging.