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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
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
  • 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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