Publication

This paper explains the British proposal to create an International Finance Facility and highlights some of the common misunderstandings surrounding it, including the mechanics of the scheme itself, the potential for a US role and the expectations of aid which underlie the IFF’s premise. According to the author, 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. However, the author emphasizes that the IFF is an idea that merits more scrutiny and a healthy dose of skepticism.