We know that technology—especially emerging technology on decentralized ID—has a huge potential in combating both these issues. We also know that technology has a huge gender problem worldwide.
CGD Policy Blogs
Today, we published the Commitment to Development Index (CDI) 2018, which ranks 27 of the world’s richest countries on how well their policies help the more than five billion people living in poorer countries. European countries dominate this year’s CDI, occupying the top 12 positions in the Index and with Sweden claiming the #1 spot. Here, we look at what these countries are doing particularly well in the past year to support the world’s poor, and where European leaders can still learn from others.
Eight years and millions of mobile financial transactions later, we came together again at a private CGD roundtable in London to discuss the potential of mobile banking and savings for women’s economic empowerment. We were pleased to hear the richness of research evidence and interventions on women’s financial inclusion that have emerged over the past decade. What follows are some takeaways from our deliberations, informed by this research and practice.
“Better data drive better decisions” is a truism that researchers everywhere are all too familiar with. Increasing the availability, usability, and relevance of data is key to tracking performance and informing smarter, more efficient policies—but too often the data we need simply aren’t available, at least not in a useful format. Recently, we’ve been exploring the availability of data (or lack thereof) related to global health commodity markets in the context of CGD’s working group on the Future of Global Health Procurement. To ground the working group’s recommendations, we’re trying to understand the current state of health commodity procurement in low- and middle-income countries (LMICs)—specifically which commodities are procured, by whom, how, and at what price.
Over 1.7 billion adults worldwide remain unbanked, but two-thirds of them own a mobile phone that could easily connect them to the financial services they need. Governments could leverage digital payments to bring wages, pensions, and services directly to their beneficiaries. Private sector banks could provide digital accounts, loans, and savings devices to a new, previously unreached market. And these unbanked adults could have safe and secure methods to save, invest, and transfer money.
Policies put in place to counter financial crimes have unfortunately had a chilling effect on banks’ willingness to do business in markets perceived to be risky—due in part to the high price of compliance. Even as changes are being made to address this problem, financial institutions are developing solutions in the form of new cutting-edge technologies to help them comply better and faster with anti-money laundering regulations.
World Bank Group President Jim Yong Kim on robots in the workplace, multilateral cooperation, and the development potential of blockchain.
Like the mythical Roman god Janus, there are two faces to most of the economies of the MENA region. We can call them the young and the old. And that the choice for MENA governments to make is not which face of Janus to support, but rather how to ensure that both can co-exist and prosper.
One of the bubblier aspects of the recent enthusiasm for all things blockchain has been the rise in popularity of initial coin offerings (ICOs), also known as token sales. By design, the acronym calls to mind the more traditional fundraising model of initial public offerings (IPOs), in which companies sell equity stakes to investors. With ICOs however, companies use blockchain technology to issue digital assets (usually referred to as tokens or coins) to investors rather than equity stakes. Another key difference—at least for the time being—is that ICOs are virtually unregulated. In fact, many of the advantages ICOs have over more traditional fundraising platforms derive from their unregulated status.