CGD convened experts in nutrition and/or innovative finance in Washington DC and London for a workshop on February 24th about Development Impact Bonds (DIBs).
This paper analyzes the potential for regional collective action in Latin America in the areas of finance, trade and infrastructure.
Development Impact Bonds (DIBs) are a new approach to designing and funding development programs that bring together governments, donors, private investors, and non-profit and private sector service delivery organizations to deliver results which society values.
Since their inception, through 2012, the institutions comprising the World Bank group have been involved in lending nearly a trillion dollars. In this paper, we focus on the IBRD, which is the core of the World Bank. The IBRD has the potential to continue to grow and be an important player in official financial flows, supporting critical long-term development projects with large social returns, in sectors ranging from infrastructure, social sectors, or environment.
The pendulum of public perception has swung against microfinance. That leaves the thoughtful observer, wary of extreme claims in any direction, with a puzzle. Is microfinance a bane or a boon or in between?
The Commitment to Development Index ranks 27 of the world’s richest countries on policies that affect the more than five billion people living in poorer nations.
In this paper we explore the Palma and corroborate the findings that the middle does indeed hold over time and through various stages of tax and transfers. Further, we find that the Gini is almost completely “explained” by only two points of the distribution: the same income shares which determine the Palma.
China's Development Finance to Africa: A Media-Based Approach to Data Collection - Working Paper 323
China’s presence in Africa is, beyond dispute, large in both trade and what can be called official finance to Africa. But how large, exactly? A new database from the College of William and Mary brings additional resources to help answer the question. This paper describes the new database, its key findings, and its possible applications and limitations of the data, which is being made publicly available for the first time.
Hoping to Win, Expected to Lose: Theory and Lessons on Microenterprise Development - Working Paper 312
How do entrepreneurs learn whether they have what it takes to manage larger businesses? It's likely through experimentation. In this paper, Dean Karlan, Ryan Knight, and Christopher Udry develop a model to help understand the impediments to experimentation and the benefits to giving it a try.
This paper details that results of an experiment in northern Ghana in which small-scale farmers were randomly given different kinds of potentially risk-reducing assistance.
A Social Impact Bond (SIB) is a payment for outcomes model that seeks to shift attention, incentives and accountability to results; transfer risk and responsibility for performance to private investors and implementers; and drive value for money and efficiency gains throughout the cycle. A Development Impact Bond is a potential variation of the SIB model that would provide new sources of financing to achieve improved social outcomes in developing country contexts.
Credit at Times of Stress: Latin American Lessons from the Global Financial Crisis - Working Paper 289
This paper identifies the factors at both the country and the bank levels that contributed to the behavior of real credit growth in Latin America during the global financial crisis.
Readers of David Roodman's Microfinance Open Book Blog will immediately recognize his thorough, straightforward, and trenchant analysis of whether microfinance is the boon many think it is.
Ben Leo testified before the House Subcommittee on International Monetary Policy and Trade on July 27, 2011 about the importance of multilateral development banks to the United States and the greater world.
This paper examines the efficacy of loan programs in the development of domestic enterprises in the immediate aftermath of conflicts. The author explores whether the strategies employed by such programs are effective and if there are opportunities for improving the outcomes of similar projects in post-conflict environments.
New SME Financial Access Initiatives: Private Foundations’ Path to Donor Partnerships - Working Paper 254
This paper provides a review of the rationale for and against SME initiatives and an overview of existing targeted USG and IFI programs. The authors offer several new incremental options for private foundations to establish focused partnerships with donor agencies in their efforts to assist SMEs in order to meet their organization goals.
In this working paper, the authors examine four categories of existing resource-mobilization options and recommend which might best be used to finance global public goods.
Nuhu Ribadu, former head of Nigeria's Economic and Financial Crimes Commissions, shows how he and his team used international money-laundering laws to fight corruption in Nigeria.