While blockchain-based solutions have the potential to increase efficiency and improve outcomes dramatically in some use cases and more marginally (if at all) in others, key constraints must be resolved before blockchain technology can meet its full potential in this space. Overcoming these constraints will require increased dialogue between the development and technology communities and a stronger commitment to collecting and sharing data about what’s working and what isn’t in pilot projects that use the technology.
CGD Policy Blogs
When Pratham used simple “report cards” to provide information about learning outcomes to villages in India, the intervention largely failed. There was no improvement in attendance of children or teachers, no improvement in learning outcomes; and parents, teachers, and village education committees did not become more engaged with the schools (Banerjee et al., 2010). However, when Pratham-trained youth volunteers offered basic reading classes outside of regular school, reading skills of children who attended improved substantially after one year. Why did information provision fail to improve learning outcomes?
With last week’s decision by the Trump Administration to extend the review period for permanent removal of long-standing sanctions on Sudan, the debate over the nature of future US engagement with Sudan will continue. As this month’s report of the Atlantic Council’s Sudan Task Force points out, US support for debt relief will be high on the Sudanese government’s agenda; such relief would unlock international financing that supports economic development and poverty reduction. What the report does not mention is that such relief would likely require significant new funds being appropriated by Congress.
At a London conference earlier this month, some donors promised generous funding for family planning services in developing countries. At the same time, however, future support from the US is in doubt, and progress towards the FP2020 family planning goals has been extremely limited. Just how much progress have we made, and how far do we have to go? What difference will the new pledges make, and how should they be used? Rachel Silverman, CGD’s assistant director of global health policy, responds to these questions in this week’s podcast.
The Economic Research Shows Drastic Cuts to Legal Immigration Are a Lose-Lose for the United States and the World
A report released recently suggests that two conservative senators are working on a plan to “dramatically scale back legal immigration,” reducing the one million immigrants who legally enter the country to about half that in ten years. Economic research time and again has shown that drastic cuts to legal immigration would be a lose-lose proposal for both the United States and global economy.
Family Planning Summit Raises Much-Needed Funds. Now It’s Time for Donors to Stop Being Polite and Start Getting Real.
With significant new money raised for the cause of family planning—an important accomplishment given the uncertainty around sustained US funding and the reinstatement of the Mexico City Policy—it’s now time for donors to get serious about optimizing the efficiency, impact, and sustainability of family planning programs.
The G20’s Commitment to Basel III: How will Emerging Markets be Affected? A New CGD Working Group Investigates
CGD is establishing a high-level Working Group, composed of leading experts on Basel III and economic development, that will identify challenges for emerging markets’ financial stability and development derived from the global implementation of Basel III. Effective and appropriate implementation of Basel III’s recommendations could make a huge contribution to global financial resilience with the attendant benefits for development progress. The G20’s commitment on this issue is welcome.
Stay tuned for more on our Working Group’s progress in the coming months.
The Women's Entrepreneurship Facility (We-Fi) announced at the G20 Summit stands out as a tangible initiative to help address a significant, but often ignored, constraint to growth and job creation—the wide global gender gap in starting and growing businesses. It is telling that, at a time when growth and inequality are core economic concerns, G20 countries have chosen to place an important bet on women entrepreneurs.
The Financial Stability Board's long-awaited report finds that the number of active CBRs has declined by 6 percent since 2011 and has continued through 2016, affecting all regions and major international currencies. The analysis suggests that small economies are among the most affected by CBR withdrawal. The bottom line: the decline of correspondent banking relationships, especially with smaller and poorer countries, remains an important policy issue.
The state of Rajasthan in north India has become the digital frontier, with a program that registers all family members under a single identity document known as the “Bhamashah Card,” but it still has to overcome significant challenges of poverty and inequality. In a state that is similar in size and population to Germany, it is no small achievement to take on the ambitious task of providing each family with a unique ID and deliver it within a short span of three years.