Why do some Development Projects Disburse Funds Faster than Others

2021 ◽  
Author(s):  
Leopoldo Avellán ◽  
Zulima Leal Calderon ◽  
Giulia Lotti

The timely disbursement of funds is a necessary condition for the success of international development projects. Disbursements track the progress of projects in completing the products that ultimately will deliver the projects desired outcomes. Moreover, in a world with pressing needs for external financing, project disbursements are an important source of external liquidity for recipient countries. However, some projects start disbursing faster than others and at relatively larger amounts. Hence learning why some projects disburse faster than others is important to understand not only which projects are more likely to achieve development outcomes sooner, but also to assess their value as providers of external liquidity in times of distress. As it has become evident over the past year with the COVID-19 pandemic, multilateral lending has played a crucial role in helping emerging countries face the larger financing needs originated by the crisis. In 2020, Inter-American Development Bank (IDB) disbursements increased 49% over 2019, reaching $13.4 billion, more than doubling the baseline disbursement projection. This paper assesses which observable characteristics of investment loans offered by the IDB are associated with faster disbursements. The results indicate substantial heterogeneity across countries, sectors, and loan modalities. All else constant, results-based loans and loans in the social sector are more likely to disburse within 2 years after being approved. Projects in countries where it takes longer to meet at least some of the clauses to start disbursing are less likely to start disbursing 2 years after approval. Projects that are expected to have longer execution times disburse at slower speeds within 24 months after approval. Overall, country factors seem to play a more relevant role than sectorial factors in explaining the probability that a project will disburse funds quickly. These and other findings in the paper can inform future programming exercises and help optimize the disbursement processes.

Author(s):  
Ayokunle Olumuyiwa Omobowale

Most of the discourse on development aid in Africa has been limited to assistance from Western countries and those provided by competing capitalist and socialist blocs during the Cold war era. Japan, a nation with great economic and military capabilities; its development assistance for Africa is encapsulated in the Tokyo International Conference on African Development (TICAD) initiative. The TICAD started in 1993 and Japan has so far held 5 TICAD meetings between 1993 and 2013 during which Africa’s development challenges and Japan’s development assistance to the continent were discussed. The emphasis on “ownership”, “self-help” and “partnership” are major peculiar characteristics of Japan’s development aid that puts the design, implementation and control of development projects under the control of recipient countries. This is a major departure from the usual practice in international development assistance where recipient countries are bound by clauses that somewhat puts the control of development aid in the hands of the granting countries. Such binding clauses have often been described as inimical to the successful administration of the aids and development in recipient countries. Though Japan’s development aid to Africa started only in 1993, by the 2000s, Japan was the topmost donor to Africa. This paper examines the context of Japan’s development aid to Africa by analyzing secondary data sourced from literature and secondary statistics.


2015 ◽  
Vol 56 (1) ◽  
pp. 99-118 ◽  
Author(s):  
KARA MOSKOWITZ

AbstractThis article examines squatter resistance to a World Bank-funded forest and paper factory project. The article illustrates how diverse actors came together at the sites of rural development projects in early postcolonial Kenya. It focuses on the relationship between the rural squatters who resisted the project and the political elites who intervened, particularly President Kenyatta. Together, these two groups not only negotiated the reformulation of a major international development program, but they also worked out broader questions about political authority and political culture. In negotiating development, rural actors and political elites decided how resources would be distributed and they entered into new patronage-based relationships, processes integral to the making of the postcolonial political order.


Author(s):  
Alvard Hachaturovna Aslikyan ◽  
◽  
Votinova Votinova ◽  
Yuri Alekseyevich Urgalkin ◽  
◽  
...  

This article discusses the social and environmental aspects of the development of motor transport. The necessity of converting vehicles with internal combustion engines to electric traction is considered as a necessary condition for the harmonious development of nature and society


1972 ◽  
Vol 2 (1) ◽  
pp. 21-22
Author(s):  
John Seiler

The Nixon Adminsitration’s decision to sign an executive agreement covering U.S. access to Azores military facilities reflects the moral and practical bankruptcy of this Administration’s policy toward the white-governed territories of southern Africa. If there is to be any improvement in the social and political situation of nonwhites in Angola and Mozambique as a quid pro quo for our commitment of development funds and symbolic support, no signs of it appear in the news reports of the agreement. Whether or not any of the development projects are to be in those territories, U.S. support will contribute in a major way to the stabilization of Portuguese political control there.


2016 ◽  
Vol 3 ◽  
pp. 5035 ◽  
Author(s):  
Kai Matturi ◽  
Chris Pain

Over the last number of decades there has been a tendency within the international development sector to privilege the management of projects in a siloed manner. This translates to projects managed in a narrow way according to pre-defined parameters of say the education or health sectors. As a project manager you are held accountable for delivering education or health outputs. A shift in donor funding to focus on development projects that are considered easy to administer partly explains this siloed approach to project management within the development sector. However, there is a gradual kick back against the siloed project management approach. Instead we are seeing a return to an integrated managerial approach.An integrated managerial approach involves bringing together various technical specialists to work on common objectives in a coordinated and collaborative manner. A growing number of development actors such as Concern Worldwide are embracing this ‘new approach’. For Concern Worldwide integrated projects are interventions which address multiple needs through coordination across a variety of sectors and with the participation of all relevant stakeholders to achieve common goals. Integrated projects are about sector projects working together with the same target group in the same area in a coordinated manner. This paper reflects on Concern’s experience and evidence to date with integration drawing on the agency’s work in Zambia. The Realigning Agriculture to Improve Nutrition project in Zambia highlights the practical challenges and lessons of managing an integrated project.   


2015 ◽  
Vol 8 (9) ◽  
pp. 71
Author(s):  
Olawale Emmanuel Olayide ◽  
Isaac Kow Tetteh ◽  
Labode Popoola

This paper analysed policy correlates of agricultural production and agricultural production sustainability outcomes in Ghana and Nigeria. It underscores the influence of political systems and international development agendas as correlates of agricultural production and agricultural production sustainability outcomes. This is to the extent of providing evidence policy on agricultural production and agricultural production sustainability outcomes. Ghana and Nigeria have comparable farming/agricultural system and policy environment. Data used for the analyses spanned five decades. Trends analysis and inferential statistics were employed. The results revealed that policy correlates can contribute to the current discourse in sustainable development agenda and to resolving the dilemma of agricultural policy implementation for sustainable agricultural development, especially in Ghana and Nigeria. The findings reinforce the need for appropriate policies in transforming the agricultural sector while ensuring sustainable development outcomes.


2019 ◽  
Vol 3 (1) ◽  
pp. 27
Author(s):  
Ayman K. Abdelgadir ◽  
Omer A. Abu Elzein ◽  
Faris Hameed

Sustainable development and sustainable housing indicators are a response to the trend of adopting sustainable development objectives, adopted by most countries, especially developed and less developed countries. It is difficult to implement indicators developed for a developing country context in other contexts with different social, economic and environmental conditions. Social sustainability is the most important priority regarding evaluating the housing development projects in the developed and less developed countries. Economic conditions is linked in many aspects to the social sustainability indicators. Environmental indicators are important, but the less developed countries in general has a very low environmental foot prints, this is because the industry sector is usually week comparing to the developed countries. This paper reviews the sustainable housing indicators, with a focus on United Nations reports and indicators developed for contexts similar to study area, without ignoring the most reputable indicators developed for developing countries context. The research came with a set of indicators reflects the social priorities of the new housing development in Sudan. A questionnaire participants decided the relative important of each indicator and also the importance of the parameters of each indicator. Developing a set of social priorities for Sudan will give extra efficiency in promoting and assessing sustainability in the study area. Description of the questionnaire results which reflects the national social sustainable housing development priorities are discussed. The researches came with a set of recommendations to enhance the social aspects for new housing development projects in Sudan. Using this set of priorities and recommendations will give extra efficiency in promoting and assessing sustainability in the study area.


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