Historical data shows that large natural resource endowments have not translated into better quality of life in Sub-Saharan Africa (“Africa” for short).
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.
Skilled workers emigrate from developing countries in rising numbers, raising fears of a drain on the human and financial resources of the countries they leave. This paper critiques existing policy proposals to address the development effects of skilled migration. It then proposes a new kind of policy tool to regulate skilled migration in a way that benefits origin countries, destination countries, and migrants. ‘Global skill partnerships’ are bilateral public-private agreements to link skill creation and skill mobility for mutual benefit. The paper describes how such an agreement might work in one profession (nursing) and one region (North Africa).
In this paper I discuss the ownership and financial structure and related governance arrangements, including leadership selection, of the World Bank and the Inter-American Development Bank.
This paper analyzes the potential for regional collective action in Latin America in the areas of finance, trade and infrastructure.
The pendulum of public perception has swung against microfinance. That leaves the thoughtful observer, wary of extreme claims in any direction, with a puzzle. Is microfinance a bane or a boon or in between?
In recent years there has been growing recognition of the harm done to development by illicit financial flows, and the role of rich countries in providing an environment which tolerates or discourages them. To investigate whether indicators of illicit finance should be included in the CDI, the Center for Global Development commissioned this background paper from Petr Janský, a Czech academic economist from the Charles University and CERGE-EI in Prague.
More than ever, global health funding agencies must get better value for money from their investment portfolios; to do so, each agency must know the interventions it supports and the sub-populations targeted by those interventions in each country. In this study we examine the interventions supported by two major international AIDS funders: the Global Fund to Fight AIDS, Tuberculosis, and Malaria (‘Global Fund’) and the President’s Emergency Plan for AIDS Relief (PEPFAR).
Performance-based financing can be used by global-health funding agencies to improve program performance and thus value for money. The Global Fund to Fight AIDS, Tuberculosis and Malaria was one of the first global-health funders to deploy a performance-based financing system. However, its complex, multistep system for calculating and paying on grant ratings has several components that are subjective and discretionary. We aimed to test the association between grant ratings and disbursements, an indication of the extent to which incentives for performance are transmitted to grant recipients.
The International Finance Corporation wants to increase its development impact in fragile states. Currently, the IFC’s fragile-state portfolio mirrors that of overall foreign direct investment stocks in such countries: focused in extractive industries and mobile telephony. That suggests potentially limited value-added from the Corporation’s investments in terms of crowding in private capital. If the IFC is trying to increase its portfolio and development impact in fragile states, it should look for sectoral opportunities that share some of the features of mines and mobile investments but currently attract limited FDI.
Privacy and Biometric ID Systems: An Approach Using Fair Information Practices for Developing Countries
Biometric identification systems that are in place or under consideration in many countries present significant privacy consequences principally relating to information privacy or data protection. This paper discusses personal privacy in the context of the adoption of biometric identification systems.
Little is known about the President’s Emergency Plan for AIDS Relief (PEPFAR) financial flows within the United States (US) government, to its contractors, and to countries. We track the financial flows of PEPFAR – from donor agencies via intermediaries and finally to prime partners. We reviewed and analyzed publicly available government documents; a Center for Global Development dataset on 477 prime partners receiving PEPFAR funding in FY2008; and a cross-country dataset to predict PEPFAR outlays at the country level. We present patterns in Congressional appropriations to US government implementing agencies; the landscape of prime partners and contractors; and the allocation of PEPFAR funding by disease burden as a measure of country need.
The Global Partnership for Development: A Review of MDG 8 and Proposals for the Post-2015 Development Agenda
The eighth Millennium Development Goal (MDG 8) covered a “global partnership for development” in areas including aid, trade, debt relief, drugs, and information and communications technology (ICT). Since the goal was formulated, there has been progress as well as gaps in the areas which were covered.
Julia Clark and David Roodman investigate whether better ranking of think tanks is possible by exploiting modern tools for measuring citations in both traditional and new media, as well as in academe. They find that with modest effort the status quo of ranking the tanks can be improved.
This paper lists—and attempts to address—the most serious objections to Oil-to-Cash. The response to many objections is to ask about a plausible counterfactual (how do cash transfers compare to the alternative policy options?). Others warrant a clearer articulation of available evidence or ways to mitigate real worries through smart program design.
Traditional measures of development divide the world into categories such as developed and developing, rich and poor, and North and South.
Since beginning the process of reengagement with Myanmar in the last year, many lenders to the country have cut or refinanced its debt. David Roodman finds that the debt relief, by most standards, has been overly quick and large.