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Improving Funding of Impact Evaluations – end the fiscal year and other rules that have outlived their usefulness

David McKenzie's picture

June 30 marks the end of the fiscal year at the World Bank, and an annual reminder of the stark irony of working in a bank that does not let you save – money is allocated to a particular fiscal year, and if not spent during this time, disappears into a vortex where it is reallocated elsewhere in the institution. This is a problem that is not unique to the World Bank - last week’s Science news had an article reporting on the findings of a blue-ribbon panel of business leaders, u