In the coming years, China will confront a series of decisions about how to engage with citizens in the countries where it is implementing BRI projects; leaders of the same countries; and donors and lenders outside of China.
Even with international assistance, the cost of providing refuge to so many people has strained the budget of the Jordanian government. At the same time, international partners, notably the IMF, have been insisting that Jordan take actions to bring down government debt to “more sustainable levels” through increasing fiscal discipline to tame government deficits. These dual imperatives by the international community—host more refugees and tame the budget—seem to put Jordan in an untenable situation as long as the refugee crisis continues. Something will have to give—the question is how, what, and when?
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.
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.
The purpose of this note is to provide a realistic analysis of where MDBs have made progress in improving performance and governance, the risks and challenges they and their shareholders confront today, possible areas of US-China collaboration, and a specific recommendation for a joint effort.
Disagreement over how investments in the private sector are counting to aid is threatening to overwhelm the OECD Development Assistance Committee. There are no perfect solutions here; governments must find the least-bad compromise. We point the way forward.
On April 11, the World Bank's International Development Association broke new ground by establishing a private sector window (PSW) with $2.5 billion in resources. For the first time, IDA will use public funds to catalyze private investments in poor countries, in addition to concessional lending to their governments.
Private sector development has long been viewed as essential for economic growth in developing countries, and the US role in promoting it has focused mostly on how developing country governments could best set a policy environment that made it possible. But let’s consider the risks of concentrating too heavily on the private sector. What could go wrong with an agenda that is centered on “deal making for development”?
Les obligations à impact sur le développement (Development Impact Bonds, DIB) réunissent des investisseurs privés, des organismes privés et à but non lucratif de prestation de services, des gouvernements et des donateurs afin de produire des résultats concrets que la société estime utiles.
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).
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.
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.