In my last blog post on the IDA Private Sector Window, I noted the strong principles on subsidies to the private sector that were agreed by the heads of the multilateral development banks (MDBs) in 2012 as part of the Multilateral Development Bank Principles to Support Sustainable Private Sector Operations. Those principles can be summarized as “start with the public policy problem, use open offers or competitive approaches, maximize transparency.” It is interesting to compare the MDB principles to the principles which later emerged from the DFI Working Group on Blended Concessional Finance for Private Sector Projects.
CGD Policy Blogs
Next week in Zambia, donors to the World Bank’s financing window for low-income countries, the International Development Association (IDA), meet to discuss IDA’s future. This “mid-term review” is both a stocktaking session and a teeing up of the next round of fundraising for the world’s largest concessional lending fund. Formal negotiations will commence next year, but the meetings in Zambia set the scene for those negotiations.
What would it look like today if major multilateral finance institutions like the World Bank had never adopted the climate agenda as a binding constraint on their operations? Unfortunately, we have a real-world approximation of that hypothetical in the form of Chinese development finance. At least, that’s a conclusion I draw from an important new report from World Resources Institute (WRI) and Boston University, Moving the Green Belt and Road Initiative: From Words to Actions.
Entrepreneurship on the Rise in the Medical Supply Chain in Africa: A Tale of Four Pharmacy Disruptors
The IFC estimates that by 2030, developing countries will need up to $210 billion per year in new investment for health care assets to meet the growing healthcare demands of the Sustainable Development Goals (SDGs). This will require the current level of investment in healthcare in developing markets to triple. What may be almost as important as the money itself, however, is the prospective opportunity to catalyze the entrepreneurial spirit that is seeping its way into African markets. Here we look at how this entrepreneurialism is being leveraged in the pharmacy and supply chain space.
Who’s Responsible? Consider Developing Countries When Assessing the Ethical Responsibilities of Innovation
Imagine sitting on a park bench chatting with a life-sized robot as engaging as the Tin Man in The Wizard of Oz. But this is not just any chunk of metallic brain power. It is your life partner.
UN Secretary General Antonio Guterres has said gender equality at the United Nations is “an urgent need – and a personal priority. It is a moral duty and an operational necessity.” Guterres was quick to meet his goal of gender parity in UN senior management. But 18 years past an initial 2000 target date for gender parity in the UN system as a whole, there is still a long way to go. The organization remains off track to meet the new target for parity at all levels by 2030. There is also evidence that the rate of change will be hard to boost without a new approach.
Papua New Guinea (PNG) is now ranked by the World Bank as a lower-middle-income country, largely due to mining-related income. Yet, stepping into remote villages in the South Fly District of Western Province, along the southern border with Australia, one is viscerally confronted with the lack of national expenditure or international finances in the region. Whether understood as corruption, rent-seeking, leakage, profit margins, or the high personnel costs of expatriate aid programs, surprisingly little PNG government, international aid, or global mining investment actually reaches these villages
What has the growth of ride-hailing platforms meant for employment in Africa? Taxify claims to have “hundreds of thousands” of drivers across the continent, but exact numbers are hard to come by.
Can Blended Finance and Industrial Policy Work Together to Provide the Financing Developing Countries Need?
There are two discussions—on blended finance and industrial policy—that have been happening largely in parallel, but it’s becoming clear that they must intersect.
Todd Moss, CGD senior fellow and executive director of the recently-launched Energy for Growth Hub, on why the Hub was created, how big the energy gap is, and why the tradeoff between residential and industrial energy isn’t really a tradeoff at all.