The concept of Reducing Emissions from Deforestation and Forest Degradation (REDD+) and its framing of forest protection as a climate mitigation approach mark a clear paradigm shift – after decades of up-front financing of traditional ODA projects REDD+ follows the logic of ex-post payments for measured and verified performance within much larger jurisdictions.
Climate Policy Constraints and NGO Entrepreneurship: The Story of Norway’s Leadership in REDD+ Financing - Working Paper 389
Norway – a small northern country with only 5 million inhabitants – is at present a global leader in REDD+ financing. In this paper, we explain why and how this happened by telling the story about the emergence of Norway’s International Climate and Forest Initiative (NICFI) in 2007 and its institutionalization in the following years.
Latin America had a golden decade from 2002 to 2012, mostly thanks to favorable external conditions.
This paper presents a thorough synthesis of available data to illuminate the current global state of finance for reducing emissions from deforestation and degradation (REDD+). It adds to a growing body of work that seeks to understand the size and composition of finance for REDD+ initiatives, as well as the delivery of climate finance more generally.
We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with respect to agricultural investment.
The World Bank’s new Program for Results (PforR) instrument is only the third instrument approved by its Board and the first to directly link disbursements to results.
This is the data set for Working Paper 367 which analyzes Latin America’s financial inclusion gap, the difference between the average financial inclusion for Latin America and the corresponding average for a set of comparator countries.
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.
This paper analyzes Latin America’s Financial Inclusion Gap, the difference between the average financial inclusion for Latin America and the corresponding average for a set of comparator countries.
This paper identifies and discusses the conditions needed for achieving strong and stable capital markets in emerging market economies, which at present remain illiquid and underdeveloped.
Sovereign wealth funds have traditionally invested in external securities but are increasingly being tapped to provide financing for domestic investments, including to help close infrastructure gaps.
Comparing the Incidence of Taxes and Social Spending in Brazil and the United States - Working Paper 360
We perform the first comprehensive fiscal incidence analyses in Brazil and the US, including direct cash and food transfers, targeted housing and heating subsidies, public spending on education and health, and personal income, payroll, corporate income, property, and expenditure taxes.
Published in Social Science & Medicine in January 2014.
Almost every country exhibits two important health financing trends: health spending per person rises and the share of out-of-pocket spending on health services declines.
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.