What we were taught about aid is wrong. How we should think of economic assistance and international cooperation in a new era
What do global ‘megatrends’ such as climate change, migration, urbanisation, continued environmental degradation, advances in artificial intelligence (AI) and demographic shifts mean for financing the SDGs? What are the challenges and opportunities?
Outdated visions of aid as a charitable transfer from rich to poor countries are not fit for the 21st century. A new narrative around international economic assistance is needed...
US$13 billion in rough diamonds are produced every year. Africa supplies over 60% of the world's diamonds. We explain the role of tax inspectors in the extractives value chain to reduce tax abuses for more transparent and ethical diamonds.
In partnership with health sector colleagues, I'm working to develop world's first tobacco control social impact bond to support tobacco farmers to transition to economically viable and environmentally sustainable alternative livelihoods.
As rapid urbanization proceeds, how can we enhance subnational finance in responsible ways and contribute substantially to local and national development? How are cities around the world already meeting the financing challenge at local level, including through innovative new finance models? Are there risks? What role for the international development community to support urban finance?
International development is increasingly being financed in innovative new ways. Public aid money is critical and its role should be celebrated more
Hurricanes Irma and Maria have laid bare the deficiencies of an international aid and assistance architecture that sees many countries of the Caribbean ineligible for aid or concessional loans. What can be done to support countries to build back better?
What steps can Pacific island countries take to mobilize more sources of finance and to strengthen the effectiveness of public expenditures? Are there opportunities to leverage innovative finance. And are there lessons learned from other countries, in particular other Small Island Developing States (SIDS)?
In May, the World Bank issued the world’s first bond linked explicitly to the U.N. SDGs. The initiative — which aims to capitalize on a rising number of investors interested in positive social and environmental impacts in addition to financial returns — has been heralded an innovation in investment products and can be added to a growing list of innovative debt instruments that are marketed as “ethical”. What are the pros and cons of innovative debt instruments?
There is increasing need for financial instruments and innovations designed to reduce vulnerability to risk and help countries cope when crises occur
The world’s shadow financial system plays a key role in enabling some of the worst abuses of the ocean’s precious resources yet this is rarely front and centre of international policy discussions.