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Blog Post
February 21, 2024
So: how do donor governments actually use their subsidies to the private sector to support mitigation and development projects around the world? The process usually starts with a private company (the project sponsor) asking a development finance institution (DFI) like the World Bank Group’s Internat...
Blog Post
February 06, 2024
The World Bank’s Independent Evaluation Group has just issued a “Focused Assessment” of the IDA Private Sector Window, looking at the PSW’s first five years of operation. The PSW, launched in 2018, uses $5.6 billion of World Bank IDA financing to subsidize IFC and MIGA investments in the private sec...
Blog Post
November 09, 2023
The World Bank’s soft lending arm, IDA, will begin its 21st round of replenishment negotiations soon. One thing on the agenda will be the IDA Private Sector Window (PSW), which uses IDA resources to subsidize private sector investments primarily through the World Bank Group’s International Finance C...
Blog Post
November 02, 2023
International finance is under considerable pressure: originally prioritized toward economic growth in poorer countries, it is now meant to deliver broad-based sustainable development including global public goods such as climate and pandemic response—to say nothing of refugee hosting costs. In a fu...
WORKING PAPERS
November 02, 2023
There is a non-trivial chance that ODA for non-humanitarian and climate finance will fall in absolute terms over the coming years and that aid will become increasingly focused on richer countries. The most promising strategy for bilateral ODA flows may be to increase the generosity of traditional do...
Blog Post
June 14, 2023
An interesting paper (and podcast) by Francis Fukuyama and Michael Bennon look at China’s Belt and Road Initiative (BRI) and recent debt distress in BRI project countries, building on work by Scott Morris and co-authors that examined 100 Chinese debt contracts with foreign governments. BRI has invol...
Blog Post
March 20, 2023
In the next few weeks, the OECD will release its estimate of ODA—Official Development Assistance—provided by member countries, and will no doubt claim yet another record high. But this inflated measure has lost its credibility, in large part because its definition is governed solely by ODA-providing...
Blog Post
February 13, 2023
Official Development Assistance (ODA) isn’t what it used to be: each aid dollar is worth a lot less in terms of development outcomes. In large part that’s because the Development Assistance Committee (DAC), the donor club within the Organisation for Economic Co-operation and Development (OECD) that ...
Blog Post
December 12, 2022
What’s to love about the Effective Altruism movement (beyond the fact that it is a bunch of people who are committed to working to make things better for others) is that it thinks about everybody worldwide equally when looking for problems to solve. What’s to love a little less is that, when it come...
WORKING PAPERS
October 27, 2022
There is considerable interest in increasing private participation in infrastructure to meet the twin goals of climate mitigation and development in low- and middle-income countries. At the same time, this infrastructure needs to make returns in order to be financially sustainable.