When we think of essential infrastructure, most of us picture the power lines, roads, airports and fiber-optic cables that make it possible for us to obtain goods and services. But there is another, largely intangible infrastructure that is even more central to life in the 21st century: financial market infrastructures. They are often called ‘financial plumbing’ and, like … [Read more...] about Technology for Financial Inclusion: Leapfrogging Under a Common Language
Good-Bye FiCS 2023, Hello NYC Climate Week: A New Generation of Financial Mobilization
With the conclusion of the Finance in Common Summit (FiCS) and the upcoming NYC Climate Week, the international community has come to see the powerful synergy that can be achieved when we combine the capillarity of public development banks and the convening power of multilateral development banks. This synergy is best encapsulated by the adage “the whole is greater than the sum … [Read more...] about Good-Bye FiCS 2023, Hello NYC Climate Week: A New Generation of Financial Mobilization
Learning From What We Do and Doing What We Learn: What We Gain from a Solution-Search Approach to Building State Capacity
The puzzle of unlikely success When I engage with clients in the field about project execution and impact, I invariably encounter a puzzle. Our clients usually point out that things would be going much better if it weren’t for the poor technical and management capabilities of the executing agency. And they are right. A lack of capacity is the headwind faced by … [Read more...] about Learning From What We Do and Doing What We Learn: What We Gain from a Solution-Search Approach to Building State Capacity