Corruption and ineffective government services seems almost insurmountable, particlularly in developing markets. I recently came across a brilliant and effective solution that is working. DevelopmentCheck, which I would like to describe as the Tripadvisor for Development is a breakthrough in addressing corruption, lack of measurement, poor municipal services, quality of life, education and creating a culture of integrity. Tall order, but if one looks at the track record of 50% success rate in 2,000 cases, DevelopmentCheck can actually say “our system work”s.
Integrity Action (IA) is a pioneering non-profit in the field of social accountability, based out of London. In developing and emerging countries, the failure rate of development projects is extremely high. They have spent a decade to fine-tune a method for local communities to achieve this by working collaboratively with service providers to fix failing or abandoned projects. They can now achieve the highest Fix-Rate in their sector. Local communities are able to fix an average of 50% of the problems they identify. They have helped more than five million people receive functioning roads, clinics, school buildings, clean drinking water and sanitation by ensuring that projects deliver as intended.
IA has created an award-winning, smartphone ap called DevelopmentCheck.org that they implement in partnership with national governments, ministries, contractors, and development finance institutions. Their approach has the impact that hundreds of millions of additional dollars invested in development would have – at a fraction of the cost.
When I learned about this I saw immediately the benefit for citizens in emerging markets but I also saw how this would be beneficial to investors, DFI’s and companies. Development Check will:
- De-risk investments in markets
- Improve the business climate
- Fast track sustainable development
- Measure governance improvements
- Improve quality of life of employees and customers
Congratulations to Integrity Action for giving us DevelopmentCheck. Brilliant idea. If you are interested in learning how DevelopmentCheck can help your business, contact Integrity Action
Nothing is impossible, the word itself says ‘I’m possible’!
Come to TBLI Europe November 19-20, Zurich, Switzerland and meet many inspiring ESG and Impact Investing thought and do leaders in
Save The Date-TBLI and COP 21 in Paris, Dec. 3
TBLI will host a special session during the 21st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21/CMP11) in Paris December 3. The session will cover Zero-Low Carbon Investments at scale. Speakers and audience will highlight large scale zero-low carbon infrastructure in energy, public transport, agriculture, and buildings and their investment potential.
There will be limited space with strict security, as the session will be held at the Conference Center where the delegates will be negotiating a new climate agreement. If you would like to attend, please send an email to email@example.com. Priority will be given to asset owners.