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.
CGD Policy Blogs
“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.
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?
In July, CGD launched a study group on Technology, Comparative Advantage, and Development Prospects. This project builds on a large body of existing research from its members and other scholars at the Center. To give you a quick primer on the group’s work, let’s look back at some of their key findings and recommendations below.
There's a lot of heat on the topic of global poverty, but fundamentally a lot of agreement, too. Here is our attempt at a brief consensus position.
The International Finance Corporation wants to increase support for both private sector-led development and fragile states. But how viable are these goals?
Myths, Challenges, and (Maybe?) a Consensus around Commercial Confidentiality in Government Contracts: Grist for a New CGD Working Group
Last week, the Open Contracting Partnership released a new report, Mythbusting Confidentiality in Public Contracting, during the Open Government Partnership meetings in Georgia. The report is a fascinating and helpful read, based on a review of recent contract publication practices in eight countries as well as legal frameworks in another seven.
The world’s poorest people have been getting richer recently. But they remain incredibly poor. The 10 percent of the world’s population still consuming $1.90 or less a day are subsisting on a small fraction of the resources available to people at the US poverty line. So you’d hope that the governments of the countries where they live would be trying to raise their consumption levels. But the reality is more complex.
Christal Morehouse, Alla Volkova, and Silvia Fierăscu of The Open Society Foundation (OSF) have just issued a fascinating report on the gender breakdown of speakers at 23 high-level conferences across Europe—including nine forums, six conferences, four meetings, three summits, and a games and an ideas lab.