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Ten Myths of the International Finance Facility

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  • Todd Moss

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Abstract

The British proposal to create an International Finance Facility in order to ‘frontload’ $50 billion in aid per year until 2015 has generated a lot of attention and will likely be a major topic at the G8 meeting this July. But the IFF has also been shrouded in confusion and misconceptions. This paper explains the IFF proposal and highlights some of the common misunderstandings surrounding it, including the mechanics of the scheme itself, the potential for a U.S. role, and the expectations of aid which underlie the IFF’s premise. The UK deserves plaudits for elevating global poverty on the international agenda and for seeking ways to better harness the power of private capital markets for development. But the IFF, as currently conceived, is an idea that merits more scrutiny and a healthy dose of skepticism.

Suggested Citation

  • Todd Moss, 2005. "Ten Myths of the International Finance Facility," Working Papers 60, Center for Global Development.
  • Handle: RePEc:cgd:wpaper:60
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    File URL: http://www.cgdev.org/content/publications/detail/2728
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    Cited by:

    1. Charles Kenny, 2008. "What is effective aid? How would donors allocate it?," The European Journal of Development Research, Taylor and Francis Journals, vol. 20(2), pages 330-346.

    More about this item

    Keywords

    development aid; International Finance Facility (IFF); poverty; private capital market;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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