Tag: Finance

 

More Mobilization and Impact: Adapting MDB Private Finance Models

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There is an urgent need to change PSW business models to maintain their financial sustainability while doing much better on mobilization and development impact. Two factors are critical for meeting this challenge: enhanced risk management capability and greater flexibility regarding risk-adjusted returns.

The Mongolian Millions: What Can We Learn from the Making of a Multinational Tax Avoidance Scandal?

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Earlier this year, The Centre for Research on Multinational Corporations (“SOMO”; a Dutch NGO) issued a report about an international mining company they said had avoided paying $232 million USD in taxes in Mongolia. The Oyu Tolgoi mine is considered a big deal in Mongolia and has been subject to lengthy negotiations on how to split the risks, costs, and profits of the project between the company and the government. While this question is of primary interest to the people of Mongolia, I think that delving into the detail of individual cases like this is also important for clarifying the broader debates and understanding of tax issues.

 

The World Bank’s Preference for Private Finance: Explained

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Last year the World Bank adopted a new “cascade” approach that intended to maximise finance for development by prioritising private solutions wherever possible. In what world would this “cascade” algorithm make sense? Without a good answer to that question, the cascade risks looking like ideology rather than sound development finance advice.

Whither the US Sovereign Bond Guarantee Program?

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Perhaps the least noticed, but most impactful, addition to the US foreign assistance toolkit in recent years has been the US sovereign bond guarantee (SBG). However, the Trump administration’s proposed FY 2019 budget leaves out any request for authorization of new SBGs—and it isn’t entirely clear why. As Congress begins to consider the FY19 budget request, I offer three recommendations on the SBG program so that its role in US foreign assistance going forward can be carefully considered.

Results-Based Funding in Health: Progress in Poorest Communities in Mesoamerica

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Early this month, CGD co-hosted a conference with the Inter-American Development Bank (IDB), highlighting progress, challenges, and lessons learned from the first phase of the Salud Mesoamerica Initiative (SMI), a seven-year-old results-based funding (RBF) partnership between donors and national governments in health. Uniquely, the event brought together country governments, external funders, intermediaries, and evaluators—from different stages of the program—to discuss motivations, results, issues, and lessons learned.

Is the Idea of Counting Dollars of Illicit Financial Flows Undermining Action Where It Counts?

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The Sustainable Development Goals (SDGs) include a target to “significantly reduce illicit financial flows (IFFs).” While there is no global consensus about what this means, working definitions point to funds that are “illegally earned, transferred, and/or utilized.” The term is thus generally seen as an umbrella for a wide variety of “dirty money” including funds associated with drug, arms, and human trafficking; wildlife and natural resource crime; state capture and illicit enrichment; the financing of terrorism; and the evasion of taxes and tariffs.

Looking Forward: Development in 2018 – CGD Podcast

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What's going to happen in the world of development in 2018? Will we finally understand how to deal equitably with refugees and migrants? Or how technological progress can work for developing countries? Or what the impact of year two of the Trump Administration will be? Today’s podcast, our final episode of 2017, raises these questions and many more as a multitude of CGD scholars share their insights and hopes for the year ahead. 

Women in Fintech: Steps towards Gender Equality in a Most Unequal Sector

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On October 4, CGD convened a private roundtable on women and financial technology in development alongside Monica Brand Engel, co-founding partner of Quona Capital (which invests in financial technology solutions in the developing world), and Wendy Jagerson Teleki of the International Finance Corporation. An engaged set of participants from MDBs, government, civil society, and the private sector joined Engel and Teleki in exchanging ideas on how to increase women’s representation in financial technology (or “fintech” for short) leadership and improve access to financial services for women. 

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