The ‘Learning Adjusted Year of Schooling’ (LAYS) concept, introduced last year by the World Bank, seeks to combine access and learning outcomes into a single measure, allowing funders to compare directly across different kinds of interventions. We like the idea and applaud innovation in measurement, but think LAYS still has some way to go before it’s really ready to be used as a robust measure by funders.
CGD Policy Blogs
Despite a broad recognition that increased access to financial services can bring significant benefits to the poor, catalyzing economic development, financial inclusion in emerging markets and developing economies continues to lag far behind expectations. While a large number of countries have implemented policy changes to advance digital financial inclusion, results have been mixed. To that end, we are developing a first-ever DFS decision-making tool, A Decision Tree for Improving Financial Inclusion - an analytical framework that allows a systematic identification of the most problematic constraints for financial inclusion in country-specific settings.
Policymakers and clinicians in global health often face considerable uncertainty when making decisions. While statistical uncertainty can be accounted for by placing confidence intervals on the estimated impacts of different policies and treatment regimes, “deep” uncertainty poses a more fundamental challenge to decision-making.
Following the second roundtable held with African finance ministers and central bank governors, Sanjeev Gupta and Mark Plant explore tax concessions and the challenges of meeting the targets for domestic resource mobilization set under the Addis Ababa Action Agenda.
Two weeks ago, Esther Duflo won the Nobel Memorial Prize in Economic Sciences<, together with Abhijit Banerjee and Michael Kremer, “for their experimental approach to alleviating global poverty.” In the blog post below, you’ll find a quick introduction to more than a hundred of her research publications, including research articles, policy articles summarizing research, book chapters, book reviews, comments on others’ research, and books.
Why isn’t the African Development Bank Group bigger? Clemence Landers and Nancy Lee have a proposal to reform the bank and increase its size and impact.
Leading economic indicators have slowed or reversed. Criticisms of official statistics are mounting. But the IMF and World Bank continue to forecast 6-percent growth by simple extrapolation.
In 2014, the DFID released a “rigorous review” of the literature on private schools in developing countries. Five years on, there has been a slew of new studies. Do the conclusions still stand? We carried out a quick scan of the research published since 2014 and found that the recent evidence broadly reinforces the earlier findings.
There’s been a lot of energy around “gender lens” investing in recent years, and for good reason.
HIPC with Chinese Characteristics: Why Yesterday’s Debt Relief Is the Wrong Point of Reference for Today’s Crises
Concerns about rising debt risks in developing economies were front and center at the annual meetings. HIPC is a useful reference point as we talk about a new round of debt crises. But thanks to the rise of China as a lender, the creditor community today looks much different from the HIPC creditor community—with implications for any resolution to a debt crisis.