Ideas to Action:

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CGD Policy Blogs

 

Science to Deliver, but No 'Science of Delivery'

The World Bank President Jim Kim has said that the next frontier for the World Bank is to 'help to advance a science of delivery'.  But the problem is not that we are ignoring politics, as Kevin Watkins suggests: the problem is that we are ignoring complexity.

What If You Could Invest in Development?

This is a joint post with Rita Perakis

Last week, CGD and Social Finance launched a new high-level Working Group to consider Development Impact Bonds, a new mechanism to enable private investment in development outcomes. Owen Barder and Rita Perakis explain.

There is nothing new about the idea that development assistance is an investment: spending money today in the hope of future benefits. Putting money into immunizing kids or giving them an education is an excellent investment in the future well-being of those people. But if there are financial returns they are often far in the future and cannot be directly linked back to the investment. For many development investments the returns are mainly social, not financial. And the absence of financial returns on a reasonable timescale could be why there is no market for investing in development. There is a small pool of investors who are willing to be paid in good karma; but most would rather be paid in dollars, sterling or euros.