Ten Myths of the International Finance Facility

Todd Moss ()

No 60, Working Papers from Center for Global Development

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.

Keywords: development aid; International Finance Facility (IFF); poverty; private capital market (search for similar items in EconPapers)
JEL-codes: F33 F35 F4 O12 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2005-05
New Economics Papers: this item is included in nep-dev, nep-fmk and nep-sea
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:cgd:wpaper:60

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