“IFC 3.0” is a welcome and important initiative for a development finance institution that in the past has been accused of putting profits before impact. But the IDA PSW instrument is a throwback to the old IFC—opaque as well as inefficiently targeted on development results. Designing “PSW 2.0” should be an urgent priority at the IDA 18 Mid-Term Review in November.
CGD Policy Blogs
The Women, Business and the Law program at the World Bank has done a wonderful job of cataloguing the thousands of legal restrictions worldwide that constrain women’s abilities to be equal participants in the economy—from legislation mandating women ask a male family member for permission before opening a bank account through rules banning women from certain jobs to unequal property rights. Pairing that data with surveyed outcomes would make it an even more powerful tool.
Government contracts are worth trillions of dollars. Publishing contracting information is critical to enabling fair competition, allowing public scrutiny, and reducing opportunities for corruption. But when is it legitimate to redact commercially sensitive information from these documents?