WORLD BANK’S PRIVATE SECTOR AID FAILS TO BENEFIT POOR, INTERNAL AUDIT SAYS

By Ma. Rizza Leonzon

Ashta hydropower plant

The Ashta hydropower plant is one of the projects supported by the International Finance Corp. in Albania. An audit by the World Bank’s Independent Evaluation Group indicates that benefits of IFC’s investments do not trickle down to the poor. Photo by: Angelo Dell’Atti / IFC

While the World Bank’s private sector investments help to generate growth, their benefits do not trickle down to the poor, an internal audit reveals.

The audit by the Independent Evaluation Group urges the International Finance Corp., the bank’s private sector arm, to rethink how its investments can help the poor.

“The link between growth and poverty reduction is not automatic or universal,” Ade Freeman, the report’s lead author, told Bloomberg in a phone interview.

IFC should “make explicit the assumption through which growth leads to poverty reduction,” and “do a better job of tracking the poverty outcomes and impacts from its interventions.”

Read more development aid news.

Source: http://www.devex.com/en/blogs/the-development-newswire/world-bank-s-private-sector-aid-fails-to-benefit-poor-internal-audit-says

Advertisements

3 Comments

Filed under Development

3 responses to “WORLD BANK’S PRIVATE SECTOR AID FAILS TO BENEFIT POOR, INTERNAL AUDIT SAYS

  1. ISO 9000

    I positively venerate celebration of a mass your blog posts, a accumulation of essay is smashing.we have had to bookmark your site as well as allow to your feed.Your thesis looks lovely.Thanks for sharing.
    iso 9000

  2. nabh7

    It was a awe-inspiring post and it has a significant meaning and thanks for sharing the information.Would love to read your next post too……

    Thanks

    Regards:
    ISO 9001

  3. ISO 9001

    Very good post, I was really searching for this topic, as I wanted this topic to understand completely and it is also very rare in internet, that is why it was very difficult to understand.

    Thank you for sharing this.

    regards:
    ISO 9001

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s