Annual World Bank Conference on Development Economics-Europe by Tungodden B., Stern N., Kolstad I.

By Tungodden B., Stern N., Kolstad I.

The yearly global financial institution convention on improvement Economics (ABCDE) brings jointly the world's most interesting improvement thinkers to offer their views and concepts. in recent times, a parallel, moment convention has been held in Europe with an identical target of increasing the stream of rules among thinkers, practitioners, and policymakers within the box of overseas improvement.

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SCALING UP: THE CHALLENGE OF MONTERREY | 37 Measurement to Improve Donor Performance International financial institutions and other donors are participating, as indeed they should, in this increased emphasis on measurement. For donors, as for developing country governments, hard-nosed analysis of what works is crucial to scaling up. Evaluation, whether formal or informal, permits scaling up by identifying ideas that can be adapted for use elsewhere. Note that this is different from measurement for accountability, though that too has a role, and that tensions between the two will sometimes arise.

Unfortunately, recent policy steps by some donor countries cast some doubt on political leaders’ willingness to provide leadership on this issue, notwithstanding their brave words at Doha and Monterrey. As concerns trade-related adjustments, a number of priorities spring to mind. The first priority would be for rich countries to reduce protectionism in agriculture and textiles, both areas of special importance to poor countries. According to World Bank calculations, on average, poor people face tariffs for their exports that are twice as high as those rich people face (World Bank 2001a).

The distance from our development goals is not only great overall, but also varies tremendously across dimensions and across populations. Based on current trends and growth forecasts, the world is likely to just meet the global target for income poverty, thanks to continued strong growth in East Asia, but at a region by region level, the income poverty forecasts are not reassuring (table 1). Only two of the six developing regions are projected to meet the target of halving the share of their populations living in income poverty, and SubSaharan Africa is projected to fall far short.

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