Our Perspective

Aid Effectiveness

Crowdfunding for development: fad or future?

image
Children picking olives at Ostrog Primary School which was made energy independent, through a crowfunding campaign supported by UNDP and the Kaštela Energy Cooperative. Photo: Marina Kelava/UNDP Croatia

Steady growth and, for now, no end of the trend in sight: the crowdfunding market keeps expanding across the globe. Crowdfunding describes the practice of securing funding for a specific project or business venture by a dispersed group of people with some shared interests, “the crowd”. Most crowdfunding initiatives are dependent on whether they raise the targeted amount from the crowd. If the funding goal is not met, the project will not take off. It thus differs to charitable donations which usually support the respective organization’s general mission without knowing exactly how the money will be spent. UNDP has been experimenting with philanthropic crowdfunding and has had some early successes. For example, colleagues in Croatia successfully raised $10,000 for an energy-independent school in Croatia. The sum might be fairly small but the experience showed: crowdfunding can create a buzz for development work and social causes as the unwritten rules of crowdfunding require development organizations to communicate constantly and in a non-technical jargon what concretely was achieved. UNDP has also had some experience ‘failing’ with crowdfunding initiatives. As the saying goes: “Failure is only the opportunity to begin again more intelligently”. Based on lessons thus far, we developed guidance document for UNDP... Read more

Financing Post-2015: A quick run-down of the expert committee’s report

image
Drip irrigation system introduced in the farmlands of Akmola region in Kazakhstan. Photo: UNDP in Kazakhstan

The UN’s inter-governmental committee of experts on sustainable development financing met for the last time this month to put the final touches to their much anticipated report on how the world should finance the post-2015 Sustainable Development Goals – or SDGs. I’ve had the opportunity to attend many of the committee’s sessions, and they’ve had a mammoth task. So what have they come up with? You can read the full report here, but below is a quick heads-up. The range of issues they’ve had to cover is massive: from assessing how much cash is needed to finance sustainable development to thinking about where the cash could come from and where these funds should be directed. The report draws up a ‘menu of options’ for the financing of sustainable development. This allows policymakers in different countries to make choices as to what policies and financial instruments are most suited to them. That makes perfect sense of course; the strategy that will be best for a climate-vulnerable small island state such as the Maldives won’t necessarily be the same for a larger resource-rich country such as Kazakhstan. On the other hand, it could also lead governments to ‘cherry-pick’ among the ideas presented, and... Read more

Creating and sustaining ethical organizational culture

image

When we speak of organizational culture, we are referring to the way people behave in the workplace, how they go about doing their work and the values that they demonstrate through their actions and decision-making. Organizational culture passes down from long serving staff to new hires and becomes embedded in how the organization operates. Thus, organizational culture is influenced and impacted not just by written regulations, rules and policies, but also by the unwritten code of ‘how we really do things around here.’ So, the organizational culture can be aligned with its stated values and policies (ethical), or it can be contradictory of those written statements (unethical). Very often, employees will do what they know is rewarded and will avoid doing what they know will be punished. To create and sustain an ethical organizational culture needs constant communication about the ethical values of the organization and ensuring that the behaviors of all leaders and staff members are aligned with those values. This requires going beyond just the written rules to reaching for the highest aspirational behavior. It means living the principles underpinning the values, even when there is no rule or where the written rule is unclear. An ethical organizational culture... Read more

Development aid: where to next?

image
The first High-Level Meeting of the Global Partnership for Effective Development Cooperation launched 38 new initiatives by government, business, private foundations and civil society in Mexico last month. Photo: AGCED Mexico

Last month some 1500 people from over 130 countries gathered in Mexico City for the latest international jamboree on development aid. The ‘Global Partnership for Effective Development Cooperation’, an OECD/UNDP-led effort  to improve aid effectiveness by encouraging better partnerships between aid donors and aid recipients, had to confront some really tough questions. Do some countries still need development aid? Does aid really work that well? And what is ‘aid’ anyway? Over the last decade, the developing world has dominated global economic growth. There are now 103 middle-income countries and the number (happily) continues to rise. Although much of the attention has been focused on the rapid economic advances made by the ‘big beasts’ of the developing world —Brazil, China and India— others are also doing well; Sub-Saharan Africa has grown at, on average, 5-6% annually over the last decade. Some developing countries have become major donors themselves, such as Mexico, Turkey, Kazakhstan and South Africa. Arab donors have also become more prominent and last month the UAE posted the highest aid levels of all donor countries as a percentage of gross national income (at 1.25%). All well and good, then?  Perhaps, but it’s left many ‘old’ donors confused – will taxpayers... Read more

The Speakers Corner
thumbnail

 

 

 

 

 

 

 

The Speakers Corner helps connect think tanks, academia, the media and the public to a diverse group of experts who can speak to UNDP’s commitment to “empower lives” and build "resilient nations.”

Visit the Speakers Corner
Tag Cloud