Did you know that job contracts can affect a country’s GDP? It makes sense. Employment contracts have an impact on employee performance. If, as an employee, you have no intention of staying at your job for the long term, your lack of commitment will likely reduce your firm’s productivity, which in turn can reflect negatively on your country’s productivity and its GDP. Temporary … [Read more...] about Are temporary contracts harming productivity in Colombia?
“Ladies and gentlemen, please observe the following safety recommendations.” We have all heard those words when we are on board an airplane—in fact, many of us could probably recite from memory the cabin instructions from the flight attendant prior to take-off. But beyond that repetitive message, have you ever thought about what is behind those instructions? One thing is … [Read more...] about Risk management in development projects
The standards of what constitutes rigorous research are rising. In a response to what has been called a credibility crisis, entire scientific fields are calling for published research to more closely follow the scientific ideals most scientists learn early in their education. Following suit, the IDB, a leader in the generation of knowledge for Latin America, partnered with the … [Read more...] about Three reasons in favor of transparent, reproducible, and ethical research practices
As established in the Addis Ababa Action Agenda (2015), Multilateral Development Banks (MDBs) are expected to provide lending in the event of financial or economic shocks. Economists call this countercyclical lending. However, a recent study shows that while the MDB system as a whole acts countercyclically, in other words, lends less to a country during its booms and more … [Read more...] about The Challenge of Countercyclicality for Multilateral Development Banks
Educational quality improvement program in Peru. Governments in Latin America spend billions on social programs each year, reaching millions of people with critical public services. But can governments identify more cost-effective strategies to deliver these services? Relying on data and evidence to improve policy design and implementation is one way to ensure … [Read more...] about Five lessons for successful government partnerships