For much of the last decade, the World Bank’s private sector arm, the International Finance Corporation (IFC), has delivered a share of its profits as grants to the World Bank Group’s soft lending arm for governments, the International Development Association (IDA). In the last couple of years that pattern has reversed.
CGD Policy Blogs
The UK’s development agency, DFID, has stated that it views research as the best way to spend aid and that it intends to place high quality research central to its aid strategy. In a new paper, we find significant problems with the way that UK aid is being used to back research: a huge ramp-up in support has largely gone to fund opaque, unfocused research in UK universities. There are better approaches.
Rory Stewart may turn out to be the shortest serving Secretary of State for International Development in the UK. Charles Kenny outlines the skills and experience that Rory Stewart has brought to the department.
The UK government has recently ramped up the amount of aid that is directed towards research and development. While this can be positive in ensuring a sound research base for UK aid funds, this should not be seen as an opportunity to plug UK university funding deficits, or to "tie aid" to the UK economy.
In a new CGD working paper, we try to measure the impact of one of the most significant open contracting reforms worldwide, which took place in Ukraine in the last few years. Since 2015, the country has overhauled its procurement system, including the introduction of an e-procurement platform called ProZorro.
A world where risk-taking and competition weren’t considered quite so admirable or so male, and where more stereotypically “feminine” traits like cooperation were properly recognized and rewarded, would be better for both women and men.
Chairwoman of the US House Committee on Financial Services Maxine Waters' recent intervention provides an opportunity for the Bank Group to rethink the Private Sector Window to better align with the International Finance Corporation’s 3.0 reform process, which was designed to increase the Corporation’s development impact, move toward making markets, and improve standards. At the same time, reform could allow the PSW to live up to the Multilateral Development Bank Principles to support sustainable private sector operations.
Twenty-five years ago, travel writer and journalist Robert Kaplan wrote an article for The Atlantic, headlined “The Coming Anarchy.” It was an apocalyptic account of Kaplan’s visit to West Africa and his dark vision that much of the world would end up looking like war-torn Sierra Leone. Kaplan suggested recently that he thought “The Coming Anarchy” had stood the test of time. I disagree, and think the fact that Kaplan was wrong matters: global jeremiads are a force for isolationism. I discussed why with The Atlantic’s Matthew Peterson on a new podcast.
Yesterday, the House Committee on Financial Services held a hearing with US Secretary of the Treasury Stephen Mnuchin on the international financial system. Chairwoman Maxine Waters opened the session with a strong statement on the World Bank’s $2.5 billion IDA Private Sector Window (PSW). Chairwoman Waters raises important concerns with the Private Sector Window that should be urgently addressed.
Today, the UN and Canada are launching the Elsie Initiative Fund for Uniformed Women in Peace Operations. The fund will accelerate the deployment of trained and qualified women in peacekeeping. It is a fantastic goal and the fund has an exciting design.