Archive for the ‘Russia’ Category

New emphases in aid field

October 16, 2007

 

 

 

The Annual World Bank Conference on Development Economics (ABCDE) in Tokyo in May 2006 highlighted some VERY timely issues worthy of contemplation by economic development practitioners.     

§          A call for new analytical and evaluation tools to help infrastructure choices in energy, transportation, water. ”Our approach to infrastructure must focus not just on economic growth or human growth,” said Bank President Paul Wolfowitz in his opening address “It must also focus on ‘smart’ growth…growth that is economically sound, environmentally friendly, socially acceptable, locally desirable, and most important, growth that makes a difference in people’s lives.


§          Infrastructure investments have often failed the test, said Japanese Finance Minister Tanigaki. “Hasn’t donor support simply left ‘white elephants’ behind? Have we paid enough attention to adverse environmental and social impacts? Have we had sufficient dialogue with stakeholders?”

§          WB Chief Economist Bourguignon argued for better understanding of linkages between infrastructure investments and growth; getting the right balance between public and private involvement; dealing with cross-border issues and externalities – shared road and rail links, shared pollution; establishment of systems to deliver better data and evaluation.

§          JICA will merge with the ODA lender Japan Bank for International Cooperation in 2008, forming “the world’s second-largest integrated development agency after the World Bank.” 

§          Richard Manning (DAC Chairman) noted that “emerging donors” – Russia, Korea, Poland, Turkey, Brazil, China, South Africa, India – are using aid to position themselves to transform their relations with other countries. This could result in a slowdown in developing-country reform efforts.

§          Manning applauded moves by the UK, Ireland, Norway, and Australia to untie 100% of their aid, and Canada’s decision to allow 50% of its food aid to be procured in the beneficiary region.  

 

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