“‘Direct cash looks 3-4x more cost-effective in a new GiveWell assessment’” by defun 🔸

This is a link post. Summary: The charity evaluator GiveWell increased their rating of the cost-effectiveness of GiveDirectly's Cash for Poverty Relief program by 3-4x after reevaluating our work, including assessing new evidence. This update was driven by new estimates of direct cash's positive impact on local economies, consumption, and child mortality, which show our work (past & present) is more impactful than they’d previously assumed. This update hasn’t changed GiveWell's top charity and funding recommendations, but this could shift in the future. We’re excited about this update and look forward to continued conversations with GiveWell, as we continue to generate new evidence on cash's long-term impact which may shift their assumptions again. From GiveWell's post: We estimate that this program is ~3-4x more cost-effective than we had previously estimated, and around ~30-40% as cost-effective as our marginal funding opportunity. Nick Allardice (GiveDirectly's CEO) has posted this [...] --- First published: November 12th, 2024 Source: https://forum.effectivealtruism.org/posts/APPjLzzQaFrkc5joj/direct-cash-looks-3-4x-more-cost-effective-in-a-new-givewell --- Narrated by TYPE III AUDIO.