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Cover of Policy Paper 122
March 9, 2018

Perspective in Economic Evaluations of Healthcare Interventions in Low- and Middle-Income Countries: One Size Does Not Fit All

As developing nations are increasingly adopting economic evaluation as a means of informing their own investment decisions, new questions emerge. The right answer to the question “which perspective?” is the one tailored to these local specifics. We conclude that there is no one-size-fits-all and that the one who pays must set or have a major say in setting the perspective.

Cover of Policy Paper 121
March 4, 2018

Examining the Debt Implications of the Belt and Road Initiative from a Policy Perspective

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. 

Cover of Policy Paper 120
February 20, 2018

What Can We Learn about Energy Access and Demand from Mobile-Phone Surveys? Nine Findings from Twelve African Countries

We conducted phone-based surveys on energy access and demand in twelve African countries. From these findings, we draw several potential policy implications. First, both grid electricity and off-grid solutions currently are inadequate to meet many African consumers’ modern energy demands. Second, grid and off-grid electricity are viewed by consumers as complementary, rather than competing, solutions to meet energy demand. Third, a market exists for off-grid solutions even among connected, urban Africans.

Cover of Policy Paper 118
February 8, 2018

Tax and Development: New Frontiers of Research and Action

This paper looks at estimates of the potential gains from taxing across borders, alongside largely domestic measures such as property tax, personal income tax, VAT, and tobacco taxes. It finds that while action on cross-border taxation could yield additional tax take in the region of one percent of GDP, in many countries measures targeting the domestic tax base might deliver something in the region of nine percent. The main enabler is political commitment.

Cover of Policy Paper 117
January 26, 2018

Structuring and Funding Development Impact Bonds for Health: Nine Lessons from Cameroon and Beyond

Despite the considerable interest in Development Impact Bonds, only a few have reached the implementation phase. We use information from stakeholder interviews to describe the design of one DIB in-depth and use lessons from a range of impact bonds to develop recommendations for potential partners to future DIBs. Lessons from the set of impact bonds reveal a need to reset expectations, particularly around the time and effort needed to develop and market a DIB. 

Roxanne Oroxom , Amanda Glassman and Lachlan McDonald
Cover of Policy Paper 115
January 17, 2018

Inside the Portfolio of the International Finance Corporation: Does IFC Do Enough in Low-Income Countries?

IFC’s portfolio is not focused where it could make the most difference. Low income countries are where IFC has the scale to make a considerable difference to development outcomes. While an excessive portfolio shift might imperil IFC’s credit rating, the evidence suggests that there is considerable scope for increasing commitments to low income countries without significant impact to IFC’s credit scores.

Cover of Policy Paper 116
January 17, 2018

Comparing Five Bilateral Development Finance Institutions and the IFC

Development Finance Institutions (DFIs)—which provide financing to private investors in developing economies—have seen rapid expansion over the past few years. This paper describes and analyses a new dataset covering the five largest bilateral DFIs alongside the IFC which includes project amounts, standardized sectors, instruments, and countries. The aim is to establish the size and scope of DFIs and to compare and contrast them with the IFC.

Cover of Policy Paper 114
December 21, 2017

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.

Neeraj Mittal , Anit Mukherjee and Alan Gelb
Cover of Policy Paper 112
November 20, 2017

Leveraging the Links between Migration and Development: US Government Policy, Practice, and Potential

This paper reviews the positions and activities of the US government that have linked international migration with social, political and, above all, economic development in migrants’ countries of origin, through 2016. It specifies major opportunities for the government to do more for its overseas development policy goals by shaping the terms on which migration occurs, including in times of restricted immigration.

Cover of Policy Paper 111
November 17, 2017

When Do Subsidy Reforms Stick? Lessons from Iran, Nigeria, and India

This paper covers qualitative case studies from Iran, Nigeria, and India to illustrate a series of lessons for governments implementing subsidy reform policies. From these three country experiences, we find that fostering public support to implement lasting reform may depend on four measures: (1) forming a public engagement plan and a comprehensive reform policy that are then clearly communicated to the public in advance of price increases; (2) phasing in price adjustments over a period of time to ease absorption; (3) providing a targeted compensatory cash transfer to alleviate financial impacts on low- to middle-income households; and (4) capitalizing on favorable global macroeconomic conditions.

Cover of Policy Paper 108: The Electricity Situation in Ghana: Challenges and Opportunities
September 8, 2017

The Electricity Situation in Ghana: Challenges and Opportunities

In the past decade, Ghana has experienced severe electricity supply challenges even though installed generation capacity has more than doubled over the period. The electricity supply challenges can be attributed to a number of factors, including a high level of losses in the distribution system as well as non-payment of revenue by consumers. Solving Ghana’s electricity challenges would require a range of measures.

Ebenezer Nyarko Kumi
July 26, 2017

Financing for Whom by Whom? Complexities of Advancing Energy Access in India

This paper finds that end-user financing (i.e. consumer subsidies and tax rebates) is relatively ineffective at enhancing sales of off-grid solar technologies in India. If the government is to make meaningful progress toward its national goal to extend a constant supply of electricity to every household in the coming years, it will need to learn from and adapt its current financing structures for off-grid solar (and other renewable energy) technologies.

Cover of Policy Paper 107: Blockchain and Economic Development: Hype vs. Reality
July 20, 2017

Blockchain and Economic Development: Hype vs. Reality

Increasing attention is being paid to the potential of blockchain technology to address long-standing challenges related to economic development. This paper provides a clear-eyed view of the technology’s potential in the context of development. It focuses on identifying the questions that development practitioners should be asking technologists, and challenges that innovators must address for the technology to meet its potential.

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