Ideas to Action:

Independent research for global prosperity

Tag: Finance and Investment

 

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Merely Collecting More Taxes Is Not Enough to Achieve the SDGs

In development circles these days, there is considerable emphasis on developing countries collecting more taxes domestically to help achieve the SDGs. But with this attention to domestic resource mobilization, we shouldn’t lose sight of a critical point: collecting more taxes will only advance the SGDs if the revenues are spent efficiently.

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Even with international assistance, the cost of providing refuge to so many people has strained the budget of the Jordanian government. At the same time, international partners, notably the IMF, have been insisting that Jordan take actions to bring down government debt to “more sustainable levels” through increasing fiscal discipline to tame government deficits. These dual imperatives by the international community—host more refugees and tame the budget—seem to put Jordan in an untenable situation as long as the refugee crisis continues. Something will have to give—the question is how, what, and when?

Time path of the external government debt to GNI ratio in LICs assuming financing needs are met through loans.

SDG Arithmetic

Some simple math on the financing of the Sustainable Development Goals SDGs shows that the path ahead may be a steeper climb than initially thought. 

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A proposal for a pay-for-performance mechanism to finance sustainable development goals and global public goods that maximizes the efficient use of public credit and builds on major technology breakthroughs for measuring results.

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This paper outlines the proposed governance arrangements for the TFFF. The performance payments would be allocated as part of a global offer, available to all countries with extensive tropical forests that meet the performance standards.

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This paper explains proposed options for assessing performance and allocating returns to the TFFF to achieve these objectives.

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This paper outlines the proposed financing strategy for the pay-for-performance financing facility. The performance payments would be distributed as part of a global offer, available to all countries with extensive tropical forests.

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The Tropical Forest Finance Facility is an attempt to generate significant new finance to fund pay-for-performance incentives for tropical forest conservation. The TFFF proposal includes two key innovations: 1) the way it will raise funds, by converting low-cost sovereign credit from mission-driven investor countries and companies into cash that can be used to drive change in developing countries, through an instrument similar to a sovereign wealth fund; and 2) the way it will distribute funds, using the Cash-On-Delivery aid approach that supports country ownership and only pays for results as they are achieved and verified.

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A study of women and men business owners in East Java offers a unique opportunity to analyze characteristics of entrepreneurs and their businesses by gender for a country where such systematic data are scarce. The study is one of two randomized controlled trials launched in 2015 to assess the power of mobile savings and training for women entrepreneurs. This report details baseline results from the Indonesia trial, still under way, which is testing whether providing financial literacy training for women who are potential bank clients and varying financial incentives to bank agents promoting a new mobile savings product make a difference in increasing  entrepreneurs’ uptake of formal savings and in improving economic outcomes. Short-term results of the other trial, in Tanzania, were reported in the first report in this series.

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Women own a large and growing proportion of businesses in Indonesia, estimated at over half of all micro, small, and medium enterprises. However, women’s economic outcomes are not equal to those of men. 

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