Social Investment Funds: An Organizational Approach to Improved Development Assistance
Posted: 29 Feb 2008
This paper examines the design of social investment funds (sifs) and explores the ways they affect agents' incentives to propose, select, and implement good projects. Compared with other forms of decentralized service provision, sifs possess features of administratively delegated authority and deep political devolution. Where existing political institutions fail to deliver assistance to vulnerable groups, a well-designed sifs may represent a useful administrative alternative. This article reviews several features that provide incentives for both sifs staff and project beneficiaries and concludes with practical guidelines for designing and appraising social investment funds.
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