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| "There is a common belief that we need to revise how we do foreign assistance, and new, dynamic partnerships with the private sector need to be an integral part of that. " |
ROBERT
MOSBACHER, JR. |
| Former President & CEO, OPIC |
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| WHAT WE DO > POLICY CHANGE > A Business plan for foreign aid |
| A business plan for foreign aid |
Start with a clear strategy
- Formulate a comprehensive national strategy for global development that outlines clear objectives and encompasses all relevant trade, aid and investment programs
- Put someone in charge: one individual responsible for coordinating all U.S. development policies and programs, who is accountable for delivering results and who serves as a unique development voice – distinct from diplomacy and defense – in interagency discussions
- Know your customers: design assistance efforts so that they respond to local needs and priorities
Emphasize results
- Evaluate development outcomes rather than dollars disbursed
- Emphasize local management: give U.S. government development staff in country the flexibility and authority to allocate resources based on their knowledge of needs on the ground
- Find more strategic ways to collaborate with the private sector to leverage impact
Invest for success
- Put the right team in place: rebuild the government’s core development expertise
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Support the strategy with adequate resources: increase funding for U.S. development programs over time
- Leverage the investments made by U.S. development agencies with private sector commitments to catalyze greater development gains
Download the complete publication: The Business Case for Foreign Aid Reform |
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