It is now abundantly clear that aid money will provide only a fraction of the resources needed to reach the Sustainable Development Goals. That realization came early on, and it was a central theme of the Addis Financing for Development conference of 2015, held before the SDGs were even signed.
CGD Policy Blogs
The Future of Work is all the rage—the latest World Bank World Development Report is dedicated to the issue, the World Economic Forum and McKinsey have issued multiple reports, and "your job is being stolen by a robot" articles are being churned out at a rate that suggests IBM’s Watson has been reprogrammed to deliver 50 think pieces a day. We’ve been here before, of course: dire warnings of a machine age of mass unemployment have been around for at least a century. Is this time different?
In my last blog post on the IDA Private Sector Window, I noted the strong principles on subsidies to the private sector that were agreed by the heads of the multilateral development banks (MDBs) in 2012 as part of the Multilateral Development Bank Principles to Support Sustainable Private Sector Operations. Those principles can be summarized as “start with the public policy problem, use open offers or competitive approaches, maximize transparency.” It is interesting to compare the MDB principles to the principles which later emerged from the DFI Working Group on Blended Concessional Finance for Private Sector Projects.
UN Secretary General Antonio Guterres has said gender equality at the United Nations is “an urgent need – and a personal priority. It is a moral duty and an operational necessity.” Guterres was quick to meet his goal of gender parity in UN senior management. But 18 years past an initial 2000 target date for gender parity in the UN system as a whole, there is still a long way to go. The organization remains off track to meet the new target for parity at all levels by 2030. There is also evidence that the rate of change will be hard to boost without a new approach.
I have previously suggested that the current design of the $2.5 billion World Bank/IDA Private Sector Window (PSW) seemed an inefficient use of scarce aid resources, didn’t follow the World Bank’s own guidance on disclosure and design of subsidies to the private sector, and is noncompetitive, nontransparent, and unstructured. In this blog post, I offer some ideas on how the World Bank Group could reconstruct the PSW towards real development impact in the next round of IDA funding, to be negotiated in 2019.