Regional trade agreements such as the Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership could leave some poor countries behind. Here are three policy changes to help Congress and President Obama avoid doing so.
A Proposal for IDA-17: Instead of an Income Transfer, Direct the IFC to Invest Its Time, Resources, and Expertise in IDA Countries
Instead of giving an income transfer, the IFC should provide financing and its expertise in a way that fits what it does best—investing in the private sector—while giving the IFC incentives to accelerate what it should do even better—taking greater risks in poorer countries.
In the face of climate change, land and water scarcity, declining growth in crop yields, and dwindling public budgets, donors will need to be more innovative in how they deliver aid for agriculture.
This brief outlines how to implement a results-based approach in a way consistent with the World Bank’s recent experience with results-based disbursement, including its approval of the new Program for Results (PforR) instrument.