CGD Policy Blogs
Development agencies are increasingly interested in making aid more transparent, stakeholder-led, and effective by expanding the use of payment by results (PbR) — rewarding those implementing projects on the basis of results delivered instead of paying for inputs. For payment by results to work, you have to get a lot of things right. It has to be for the right kind of programme targeting the right results, properly measured and rewarded in the right way. These issues, and more, are laid out in Stefan Dercon and Paul Clist’s 12 principles for payment by results (PDF).
Angus Deaton said he didn’t mind poverty analysis as long as the poverty line is infinity. Stevenson and Wolfers (2013) assemble the array of survey based measures of subjective well- being (SWB), such as “life satisfaction” or “happiness” and search for income satiation.
On a recent trip to California I had the chance to meet with the experts in the state government who are managing the development of the world’s only carbon market program that will generate funding to reduce deforestation in tropical forest countries. Since deforestation is an important source of carbon emissions climate policy experts are watching to see how California’s program evolves.