A proposal for a pay-for-performance mechanism to finance sustainable development goals and global public goods that maximizes the efficient use of public credit and builds on major technology breakthroughs for measuring results.
Creating a Multilateral Wealth Fund for a Global Public Good: Proposed Financing Strategy for a Tropical Forest Finance Facility
This paper outlines the proposed financing strategy for the pay-for-performance financing facility. The performance payments would be distributed as part of a global offer, available to all countries with extensive tropical forests.
Creating a Multilateral Wealth Fund for a Global Public Good: Proposed Approach to Assessing Performance and Awarding Returns for a Tropical Forest Finance Facility
This paper explains proposed options for assessing performance and allocating returns to the TFFF to achieve these objectives.
Creating a Multilateral Wealth Fund for a Global Public Good: A Proposal for a Tropical Forest Finance Facility
The Tropical Forest Finance Facility is an attempt to generate significant new finance to fund pay-for-performance incentives for tropical forest conservation. The TFFF proposal includes two key innovations: 1) the way it will raise funds, by converting low-cost sovereign credit from mission-driven investor countries and companies into cash that can be used to drive change in developing countries, through an instrument similar to a sovereign wealth fund; and 2) the way it will distribute funds, using the Cash-On-Delivery aid approach that supports country ownership and only pays for results as they are achieved and verified.
As an African woman leader who grew up on African soil, Joyce Banda has seen firsthand how young rural girls face obstacles that shape the rest of their lives. From Day One makes the case of how, if African girls are to realize their potential and become the leaders that their continent so badly needs, gender interventions should and can start from day one.
Three Decades of Poverty Mobility in Nigeria: The Trapped, the Freed, and the Never Trapped - Working Paper 485
Individuals do escape poverty during periods of overall rise in the poverty rate; they also transit into poverty during periods of overall decline in the poverty rate. In this paper, I explore six sweeps of household surveys of Nigeria (1980–2010) in an attempt to address these concerns. In addition, I test whether different processes are at work in determining chronic and transient poverty.
Policymakers and voters reasonably want to know what the effects of immigration are, to help them decide how much immigration there should be. But the effects of immigration are highly contingent on where, when, how, and who. We must ask a more fruitful question: how can different policy choices generate positive economic effects from immigration and avoid negative ones? Immigration is not inherently “good” or “bad.” Its effects depend on the context and the policy choices that shape it.
Disrupting the traditional humanitarian business model holds risks that must be managed carefully. If this disruption proceeds in an ad hoc manner, it could harm humanitarian effectiveness. Donors should reexamine their funding practices and work closely with aid groups to ensure these changes deliver constructive outcomes for populations in need.
Speeding Sustainable Development: Integrating Economic, Social, and Environmental Development - Working Paper 484
This paper discusses the role for policy integration to speed progress towards delivering the SDGs. This paper suggests a mechanism for prioritizing coordination and the use of coordination tools including regulation, safeguards, taxes, and subsidies. It also suggests re-orienting ministerial responsibilities where possible from input control to achievement of outcomes as well as tools to promote innovation by subnational governments and the private sector.
This brief essay explores a key but often overlooked hurdle to using blockchain solutions, which is the complexity that decentralized solutions necessarily introduce. At times, the benefits of such solutions appear to exceed the added cost of complexity but often they do not. With this tradeoff in mind, the paper considers two use cases, digital ID and health supply chain management.
The USG International Family Planning Landscape: Defining Approaches to Address Uncertainties in Funding and Programming
The international family planning community has made impressive gains in increasing global access to high-quality, voluntary family planning services. However, significant challenges remain with maintaining current support and meeting the growing need projected for family planning services and commodities across low- and middle-income countries (LMICs).
The Trump administration has pledged to tie foreign aid more directly to countries’ United Nations (UN) votes, threatening to punish countries who vote against the US position by cutting their foreign assistance. While the administration’s harsh rhetoric marks a shift from the recent past, the United States has been using aid to influence UN votes for decades.
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.
The paper critically reviews the arguments for and against both employment guarantees and income guarantees when viewed as rights-based policy instruments for poverty reduction in a developing economy, with special reference to India. Evidence on India’s National Rural Employment Guarantee Act does not suggest that the potential for either providing work when needed or reducing current poverty is being realized, despite pro-poor targeting. Instead, work is often rationed by local leaders in poor areas, and the poverty impact is small when all the costs are considered.
Drawing on six sweeps of household surveys of Nigeria that together span 1980–2010 with a pooled sample size of about 97,000 households and data on Nigeria’s age-gender-specific life expectancy from the World Health Organization, this paper shows that about 72 percent to 91 percent of Nigeria’s poor are at risk of spending their entire life below the poverty line.
Women own a large and growing proportion of businesses in Indonesia, estimated at over half of all micro, small, and medium enterprises. However, women’s economic outcomes are not equal to those of men.
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