The International Finance Corporation wants to increase its development impact in fragile states. Currently, the IFC’s fragile-state portfolio mirrors that of overall foreign direct investment stocks in such countries: focused in extractive industries and mobile telephony. That suggests potentially limited value-added from the Corporation’s investments in terms of crowding in private capital. If the IFC is trying to increase its portfolio and development impact in fragile states, it should look for sectoral opportunities that share some of the features of mines and mobile investments but currently attract limited FDI.
In this note, CGD senior policy analyst Alexis Sowa outlines three recommendations for US development assistance to Pakistan: name the leader of US development efforts, clarify the mission, and finance what is already working.
Since beginning the process of reengagement with Myanmar in the last year, many lenders to the country have cut or refinanced its debt. David Roodman finds that the debt relief, by most standards, has been overly quick and large.
March 15, 2013
To: House Foreign Affairs Committee, Subcommittee on Asia and the Pacific
This brief outlines how to implement a results-based approach in a way consistent with the World Bank’s recent experience with results-based disbursement, including its approval of the new Program for Results (PforR) instrument.
After more than a decade of US special envoys (Danforth, Zoellick, Natsios, Williamson, Gration, and Lyman) and the independence of South Sudan in July 2011, it is time for the United States to reevaluate what it is trying to achieve in its relations with the two Sudans and how best it can do that.
Since the 2010 earthquake, there has been very little direct procurement of goods or services from local businesses, missing a huge opportunity to spur long-term growth. Local procurement not only purchases immediately needed goods or services but helps grow the private sector, create jobs, and encourage entrepreneurs. Spending more money locally can multiply the effect of US assistance.
The transparency and accountability of US spending in Haiti needs to be improved. Despite the large amount of public money disbursed for earthquake recovery in Haiti, it is nearly impossible to track how the money has been spent and what has been achieved.
Francis Fukuyama lays the conceptual groundwork for a new way to identify the components of governance and more usefully measure their quality.