As the International Finance Corp. — the World Bank’s private sector lending arm — is boosting its investments in fragile states, civil society leaders wonder if they can play a role to enhance the effectiveness of these funds.
During a panel discussion at the Civil Society Forum at the World Bank annual meetings in Washington D.C., a representative from Dutch aid group Cordaid announced they will soon be signing up as a co-investor in one of the IFC investment funds in West Africa. The official asked the panelists how Cordaid — an organization with extensive experience working in fragile states — can help to speed up IFC understanding of fragile contexts so the money is well-spent.
One way nongovernmental organizations can play a role in aid effectiveness in fragile states is through procurement, noted Monica Stephen, head of international institutions at British NGO International Alert.
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About the author
Jeff Tyson@jtyson21
Jeff is a former global development reporter for Devex. Based in Washington, D.C., he covers multilateral affairs, U.S. aid, and international development trends. He has worked with human rights organizations in both Senegal and the U.S., and prior to joining Devex worked as a production assistant at National Public Radio. He holds a master's degree in journalism from Columbia University and a bachelor’s degree in international relations and French from the University of Rochester.
