MORE TO EXPLORE: International Development

Student Spotlight: Glenda Kee (MPA-PNP)

She is a full-time, second-year MPA-PNP student. Born and raised in Singapore, she moved to New York City over a year ago to pursue her master’s degree at NYU Wagner.

Evaluating the Feasibility of Diaspora Bonds in Financing Senegal’s Development

Client
United Nations Capital Development Fund
Faculty
Paul Smoke
Team
Youngbin Kim, Zenani Orengo, Siddharth Shah
The United Nations Capital Development Fund (UNCDF) provides technical assistance to the world’s 47 least developed countries to promote financial inclusivity and improve local development finance. As identified in Agenda 2030, developing countries require innovative financing for sustainable development. UNCDF enlisted a Capstone team to investigate the feasibility of implementing the financial instrument diaspora bonds in Senegal. The team focused on assessing the feasibility of diaspora bonds in the Senegalese city Saint-Louis through the examination of investments by the Senegalese diaspora currently around the world. The team completed a literature review, a comprehensive analysis of the economic opportunities for Saint-Louis, and extensive interviews with various stakeholders in Senegal and members of the diaspora. The team’s final report provides an in-depth analysis of potential opportunities and challenges of funding local development projects in Saint-Louis through diaspora bonds.
Capstone Year

Enhancing a Results Framework and Developing a Theory of Change

Client
United Nations Department of Political Affairs
Faculty
Natasha Iskander
Team
Saif Awadh, Yanran Lyu, Jessica Sederquist, Ivy Shen
The United Nations Department of Political Affairs (UNDPA) plays an integral role in the United Nations’ efforts to prevent and resolve deadly conflict around the world. UNDPA monitors and assesses global political developments to detect potential crises before they erupt and prevent their exacerbation. UNDPA provides support to the UN Secretary-General and his envoys, as well as to UN political missions deployed around the world to help defuse crises or promote lasting solutions to conflict. UNDPA enlisted a Capstone team to explore how its programmatic oversight can improve through the development of a revised Results Framework. This framework includes indicators of achievement and targets that more accurately articulate the breadth of its global activities. The team conducted a capacity-building workshop, planning group interviews, and literature reviews on qualitative methods and conflict prevention. Using their research findings, the team provided recommendations for a revised Results Framework and developed theories of change that illustrate how revisions will impact UNDPA’s operations.
Areas Of Impact
Capstone Year

Incentivizing Renewable Energy Systems in Swaziland

Client
United Nations Development Programme
Faculty
Giuliano Bosi
Team
Xinchong Cao, Robert Chislett, Sheng Cui
The United Nations Development Programme (UNDP) partnered with Swaziland to launch Partnerships for Affordable Renewable Energy in Swaziland (PARES), aiming to support Swaziland’s transformational shift towards a sustainable development path by encouraging renewable energy (RE) applications throughout the country. UNDP engaged a Capstone team to support PARES in developing frameworks across all sectors that incentivize capacity-building and capital investment for establishing a competitive RE market. The team executed cross-country studies analyzing practices in Liberia, Tunisia, and Armenia to identify best practices. The team also conducted interviews with stakeholders to identify the socio-economic conditions surrounding the development of sustainable energy policy reform. The team provided policy recommendations including the development of the Swaziland Impact Bond (SIB), which involves the synthesis of a special purpose vehicle financing strategy along with derisking instruments within a social impact bond framework. The SIB incentivizes public and private sector collaboration and support of the sustainable development of Swaziland’s RE industry.
Areas Of Impact
Capstone Year