This is an interesting analysis on ways the United States can make its foreign aid more efficient. Although this is tailored to the U.S., I think this report is applicable to potential solutions for our first topic. It recommends for the U.S. to assess its aid through conducting a multilateral aid review, which they refer to as MAR in the article. A multilateral aid review is a way for donor nations to assess the efficacy of their aid. Brookings suggests that MARs should be made to analyze the degree in which the donor nation’s interests are represented in multilateral aid organizations. Understanding their position relative to the aid their giving in a quantitative way would prevent aid from being cut off due to populism.
Although this might be a little hard to understand, they are recommending for donor countries to do more data analyses on their contributions to multilateral funding organizations (like the Inter-American Development Bank, European Investment Bank, the World Bank, etc.). By assessing the development impacts that these institutions in which donor countries are a part of, they can better target the aid they are giving—both as a state and multilateral effort. This can also increase communication between development agencies so that efforts don’t overlap.
Here is another article explaining the findings of a multilateral aid review done by the Department for International Development in 2016.
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ReplyDeleteThe Delegation of Malaysia strongly believes that in order to prevent aid dependency both, donor and receiving, nations play an influential role. For donor countries it is essential that they review their policies and evaluate their role in multilateral organizations. This would allow them to get an accurate report of previous contributions and how they could be improved. After this specific Multilateral Aid Review in 2016, we have concluded that in many instances overlapping organizations and funds tend to reduce the efficacy of aid drastically. Malaysia has also conducted their own International Policy Review in which we have addressed how Malaysia will develop its desired role in multilateral organizations and has set goals for 2020 about how we can contribute to these agencies and funds. Malaysia believes that it is crucial for MARs to be conducted every couple of years or so, but would also like to emphasize that receiving countries must also do their part in making sure the aid is put to good use. These nations must take an effort to set up national policies and goals to further their development with these funds. Fighting aid dependency across the globe will take international cooperation between donor nations, receiving countries, and organizations that implement the aid.
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