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ICAI has just entered its third four-year phase. ICAI is a major asset in ensuring aid is well-spent. Having reviewed ICAI’s prior work, we think ICAI could should focus more on “results claims”—that is, whether the estimates of expected benefits that underpin decision-making by Ministers are well-evidenced.
Rory Stewart, the UK’s new Secretary of State for Development has big ambitions for the country. In light of Stewart’s self-declared candidacy for Prime Minister, we look at four areas where he can demonstrate his credentials and value to UK taxpayers, and bolster international efforts to reduce poverty with UK leadership.
In our new policy paper, we take advantage of the fact that the impact of UK aid is independently assessed by the Independent Commission on Aid Impact (ICAI). Looking back over 8 years and 65 graded assessments, even with a focus on riskier projects, we find that almost 80 percent of UK aid assessed was well spent. With a spending review on the horizon, HM Treasury will be looking closely at departmental performance and should use ICAI’s findings to shape their allocations.