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Fostering sustainable development : the sector investment program
This paper aims to increase understanding of Sector Investor Programs (SIPs) as useful instruments for improving resource allocation and fostering sustainable development. It describes the rationale and analytical basis for SIPs, and the lessons learned through early implementation experience. It ar...
This paper aims to increase understanding of Sector Investor Programs (SIPs) as useful instruments for improving resource allocation and fostering sustainable development. It describes the rationale and analytical basis for SIPs, and the lessons learned through early implementation experience. It argues that SIPs can have a greater development impact than free-standing projects because they address in a holistic manner the underlying conditions that often impede the effectiveness of development assistance: inappropriate policy and institutional frameworks, the misallocation of public and donor resources, waste associated with duplication and fragmentation of donor-supported projects, and a lack of broad stakeholder participation and commitment. Finally, the paper argues that the World Bank and other donors should give greater consideration to SIPs as a way to improve the effectiveness of development assistance, especially in Africa and South Asia.
