Ten Myths of the International Finance Facility

CGD Working Paper No. 60

10 Pages Posted: 15 Sep 2005

See all articles by Todd J. Moss

Todd J. Moss

Center for Global Development

Multiple version iconThere are 4 versions of this paper

Date Written: May 2005

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: aid, IFF, development finance, bond market

JEL Classification: G15, G29, H63, O19

Suggested Citation

Moss, Todd J., Ten Myths of the International Finance Facility (May 2005). CGD Working Paper No. 60, Available at SSRN: https://ssrn.com/abstract=800706 or http://dx.doi.org/10.2139/ssrn.800706

Todd J. Moss (Contact Author)

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