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It’s no surprise to any development professional that social, political and economic realities often get in the way of a technically impeccable project. For Senior Natural Resources Economist Nalin Kishor, this truth became starkly evident during a mission to Cambodia, where illegal logging was rampant. Despite strong support from donors and conservation groups, and a system of independent forest monitoring approved by the government of Cambodia, corruption at multiple levels was contributing to widespread deforestation and forest degradation in the country. And yet when Kishor looked for...
It isn’t difficult to put a monetary price on gold or diamonds: there are formulas and financial institutions in place for just that reason. But what is an ounce of these minerals worth when the unit of value is not dollars and cents, but area of high-quality habitat for pygmy hippos and forest elephants?
That’s the complex question that one World Bank Group team is trying to answer for Liberia, as the country emerges from a deadly epidemic of Ebola Virus Disease (EVD) that caused over 4,400...