Ideas to Action:

Independent research for global prosperity

Working Groups

Advances in artificial intelligence, robotics, and information and communications technology have the potential to transform a range of industries and services around the world. While the effects of these changes in OECD countries have been broadly researched, their potential impacts in the developing world have received less attention.
The Unintended Consequences of Rich Countries’ Anti-Money Laundering Policies on Poor Countries Working Group examined how rich countries might rebalance their policies to continue to protect against money laundering and terrorism financing without hindering the ability of people from poor countries to conduct business and transfer money across borders. In 2014 migrants sent over $400 billion of remittances home through formal systems and at least an additional $130 billion through informal channels. Businesses in poor countries also engage in cross-border transactions whether it be to export goods or import key inputs. But banks in rich countries, under pressure from anti-money laundering and counter-terrorism enforcement efforts, are increasingly “de-banking” money transfer organizations, thereby raising costs or removing services for users, some of whom then turn to informal channels. This shift may have detrimental effects on poor people as well as on the security situation.
Increased financial inclusion—greater access by the poor to the use of payments, deposits, credits, insurance and risk-management services—can improve the opportunities and welfare of people living in poverty. 
Related Experts: Alan Gelb, , Liliana Rojas-Suarez
In 2011, the Center for Global Development launched the Future of IDA Working Group, an effort to bring together serious scholars, practitioners, and policymakers to think through specific options for World Bank management and shareholders to consider as the demand for IDA assistance was changing. Many countries, including some of IDA’s largest and best-performing clients, were and are preparing to graduate from needing IDA assistance.
The Rome-based agencies--the World Food Programme (WFP), the Food and Agriculture Organization (FAO), and the International Fund for Agricultural Development (IFAD)--play a central role addressing global hunger and food security. These agencies must deal with the problems of tight budgets, increasing politicization of hunger statistics, and worsening food insecurity in many parts of the world.
The Beyond the Fence Study Group generates rigorous new research to explore how policy decisions on one side of the US-Mexico border ripple to the other side through illicit markets and to inform a policy debate on more bilateral approaches to innovative regulation.