Interest in mobilizing private finance for SDG investments is surging in a world of stagnating aid, limited fiscal space, and rising LIC debt. But is more reliance on private finance realistic for LICs? This paper explores the performance since the global financial crisis of one source of private finance for LICs: cross-border private capital inflows.
To contribute to a growing base of knowledge and expertise on opportunities to reverse the specific effects of forest loss and degradation—and to improve the conditions of host populations and refugees in Cox’s Bazar—BRAC, the Center for Global Development, and The Nature Conservancy convened workshops with global and national experts and stakeholders in September 2018 in Cox’s Bazar.
Steps Toward Forest Landscape Restoration in The Context of The Rohingya Influx: Creating Opportunities to Advance Environmental, Humanitarian, and Development Progress in Bangladesh
There are now one million Rohingya refugees in Cox's Bazar, comprising about 30 percent of the population. This increase, coupled with immediate needs for fuelwood and shelter, has diminished livelihoods due to deforestation and loss of access to land; soil and slope erosion; fuelwood scarcity and associated risks to safety of people collecting fuelwood; increased encroachment and forest degradation; declining water quality, groundwater reserve depletion, and air pollution; decreasing soil quality; and climate vulnerability.
The Kunming-Vientiane Railway: The Economic, Procurement, Labor, and Safeguards Dimensions of a Chinese Belt and Road Project
The Kunming-Vientiane railway is an anchor investment of the Chinese government’s Belt and Road initiative. This case study will assess the rail project along four dimensions: economic implications; procurement arrangements; labor; and environmental and social safeguards. In each of these areas, evidence from the railway project suggests that Chinese policy and practice could be better aligned with the practices of other sources of multilateral and bilateral development finance.
Bangladesh, a country of 165 million people bordering India and Myanmar, is undergoing a rapid economic and social transformation. Bangladesh is also witnessing a digital revolution.
Midline Effects of a Randomized Controlled Trial to Increase the Utilization of Financial Services by Women Business Owners in Rural Indonesia - Working Paper 506
This is the report of a midline evaluation of a randomized controlled trial to increase the utilization of saving and other financial services by women business owners in Indonesia.
Toward Medium-Term Solutions for Rohingya Refugees and Hosts in Bangladesh: Mapping Potential Responsibility-Sharing Contributions
Bangladesh is providing a significant global public good by hosting nearly one million Rohingya refugees, including 700,000 who fled violence carried out with “genocidal intent” in 2017. The international community has an opportunity to recognize Bangladesh’s contributions through a robust responsibility-sharing process. This brief explores the potential range of responsibility-sharing commitments in support of Bangladesh.
Over the past 50 years, Pakistan’s record on macroeconomic management has been mixed. The next crisis is now approaching. Most economists agree that the post-election government will have no alternative but to approach the IMF yet again for another bailout with associated policy conditionality. Against this background, this note examines three questions that economists both within and outside Pakistan are asking.
Ten months after the onset of the crisis, Bangladesh is home to the largest refugee settlement in the world. So what comes next? How should Bangladesh and the international community respond to this new phase of Rohingya displacement in Bangladesh for which Bangladesh is bearing far more than its fair share?
Unequal Ventures: Results from a Baseline Study of Gender and Entrepreneurship in East Java, Indonesia
A study of women and men business owners in East Java offers a unique opportunity to analyze characteristics of entrepreneurs and their businesses by gender for a country where such systematic data are scarce. The study is one of two randomized controlled trials launched in 2015 to assess the power of mobile savings and training for women entrepreneurs. This report details baseline results from the Indonesia trial, still under way, which is testing whether providing financial literacy training for women who are potential bank clients and varying financial incentives to bank agents promoting a new mobile savings product make a difference in increasing entrepreneurs’ uptake of formal savings and in improving economic outcomes. Short-term results of the other trial, in Tanzania, were reported in the first report in this series.
Bangladesh is providing an immense global public good, hosting more than 688,000 Rohingya fleeing violence in Myanmar since August 2017.
Mobile savings hold great promise for empowering women entrepreneurs. Women are often disproportionately burdened by high transaction costs to access savings accounts.
Mobile savings hold great promise, because they can considerably reduce transaction costs that can be unduly heavy for women. Two questions guide us: how can we encourage more women microentrepreneurs to access formal savings accounts, and is mobile saving a particularly fitting solution? This series uses empirical evidence to address these issues.
In the Face of China’s Ambition, US Policy Must Be Defined by a Positive Agenda in the Developing World
In his appearance before the committee, Morris outlined findings from a newly-published CGD analysis exploring the debt implications of China’s Belt & Road Initiative—and offered his views on what it should mean for US global engagement.
China’s Belt and Road Initiative hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. This paper assesses the likelihood of debt problems in the 68 countries identified as potential BRI borrowers. We conclude that eight countries are at particular risk of debt distress based on an identified pipeline of project lending associated with BRI.
While it is far too soon to discuss returns, it is the right time to plan for the longer-term wellbeing of refugees and their host communities in Bangladesh.
Fuel Subsidy Reform in Developing Countries: Direct Benefit Transfer of LPG Cooking Gas Subsidy in India
India’s reform of household subsidies for the purchase of LPG cooking gas stands out for a several reasons. The paper provides a detailed picture of the reform through its various stages, including how the process was conceptualized, coordinated, and implemented. It analyzes how such a reform must be able to adapt to concerns as they arise and to new information, how digital technology was used and how it is possible to use a voluntary self-targeting “nudge” to defuse potential resistance to income-based targeting.
Encouraging State Governments to Protect and Restore Forests Using Ecological Fiscal Transfers: India’s Tax Revenue Distribution Reform - Working Paper 473
India’s tax revenue distribution reform creates the world’s first ecological fiscal transfers (EFTs) for forest cover, and a potential model for other countries. In this paper we discuss the origin of India’s EFTs and their potential effects. In a simple preliminary analysis, we do not yet observe that the EFTs have increased forest cover across states, consistent with our hypothesis that one to two years of operation is too soon for the reform to have had an effect. This means there remains substantial scope for state governments to protect and restore forests as an investment in future state revenues.