When Markets Do Not Work, Should Grants Be Used?
To deal with problems of inadequate markets and the persistence of deep poverty, development agency personnel designing projects have increasingly turned to grants to provide solutions. This paper examines the theory of grants, draws lessons from...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/04/7009949/markets-not-work-grants-used http://hdl.handle.net/10986/9620 |
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okr-10986-96202021-04-23T14:02:46Z When Markets Do Not Work, Should Grants Be Used? van der Meer, Kees Noordarn, Marijin COLLECTIVE ACTION COMMUNITY DEVELOPMENT COMPETITIVE BIDDING DECISION MAKING DECISION-MAKING ECONOMIC ANALYSIS ELECTRICITY INCOME INFORMATION SYSTEMS INSURANCE MATCHING GRANTS PRIVATE GOODS PRIVATE SECTOR PROPERTY RIGHTS PROVISIONS PUBLIC PUBLIC GOODS PUBLIC RESOURCES PUBLIC SECTOR TRANSPARENCY To deal with problems of inadequate markets and the persistence of deep poverty, development agency personnel designing projects have increasingly turned to grants to provide solutions. This paper examines the theory of grants, draws lessons from a review of their use in twelve projects that started mostly in the years 1998-2000, discusses findings, and recommends ways to deal with problems faced in grant projects. The paper recommends the following: guidance notes, standard guidelines and manuals, and training for task managers, emphasizing the need to explicitly identify market failures and justify the use of grants to address them, as well as providing frameworks for detailed design of grant schemes; detailed cost-benefit analyses of all grant-financed investments, to the extent that such investments are of an economic nature for which such analyses are possible; broader analyses of other investments such as community-driven development (CDD) projects and cash or food-for-work schemes; analysis of pilot interventions or stylized model investments; Project Appraisal Documents should include more details of implementation, and give more guidance to the implementers; and the World Bank's Independent Evaluation Group (IEG) should evaluate grant schemes with special attention to justification, economic evaluation, and implementation details. 2012-08-13T09:07:02Z 2012-08-13T09:07:02Z 2006-04 http://documents.worldbank.org/curated/en/2006/04/7009949/markets-not-work-grants-used http://hdl.handle.net/10986/9620 English Agricultural and Rural Development Notes; No. 9 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
COLLECTIVE ACTION COMMUNITY DEVELOPMENT COMPETITIVE BIDDING DECISION MAKING DECISION-MAKING ECONOMIC ANALYSIS ELECTRICITY INCOME INFORMATION SYSTEMS INSURANCE MATCHING GRANTS PRIVATE GOODS PRIVATE SECTOR PROPERTY RIGHTS PROVISIONS PUBLIC PUBLIC GOODS PUBLIC RESOURCES PUBLIC SECTOR TRANSPARENCY |
| spellingShingle |
COLLECTIVE ACTION COMMUNITY DEVELOPMENT COMPETITIVE BIDDING DECISION MAKING DECISION-MAKING ECONOMIC ANALYSIS ELECTRICITY INCOME INFORMATION SYSTEMS INSURANCE MATCHING GRANTS PRIVATE GOODS PRIVATE SECTOR PROPERTY RIGHTS PROVISIONS PUBLIC PUBLIC GOODS PUBLIC RESOURCES PUBLIC SECTOR TRANSPARENCY van der Meer, Kees Noordarn, Marijin When Markets Do Not Work, Should Grants Be Used? |
| relation |
Agricultural and Rural Development Notes; No. 9 |
| description |
To deal with problems of inadequate
markets and the persistence of deep poverty, development
agency personnel designing projects have increasingly turned
to grants to provide solutions. This paper examines the
theory of grants, draws lessons from a review of their use
in twelve projects that started mostly in the years
1998-2000, discusses findings, and recommends ways to deal
with problems faced in grant projects. The paper recommends
the following: guidance notes, standard guidelines and
manuals, and training for task managers, emphasizing the
need to explicitly identify market failures and justify the
use of grants to address them, as well as providing
frameworks for detailed design of grant schemes; detailed
cost-benefit analyses of all grant-financed investments, to
the extent that such investments are of an economic nature
for which such analyses are possible; broader analyses of
other investments such as community-driven development (CDD)
projects and cash or food-for-work schemes; analysis of
pilot interventions or stylized model investments; Project
Appraisal Documents should include more details of
implementation, and give more guidance to the implementers;
and the World Bank's Independent Evaluation Group (IEG)
should evaluate grant schemes with special attention to
justification, economic evaluation, and implementation details. |
| format |
Publications & Research :: Brief |
| author |
van der Meer, Kees Noordarn, Marijin |
| author_facet |
van der Meer, Kees Noordarn, Marijin |
| author_sort |
van der Meer, Kees |
| title |
When Markets Do Not Work, Should Grants Be Used? |
| title_short |
When Markets Do Not Work, Should Grants Be Used? |
| title_full |
When Markets Do Not Work, Should Grants Be Used? |
| title_fullStr |
When Markets Do Not Work, Should Grants Be Used? |
| title_full_unstemmed |
When Markets Do Not Work, Should Grants Be Used? |
| title_sort |
when markets do not work, should grants be used? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/04/7009949/markets-not-work-grants-used http://hdl.handle.net/10986/9620 |
| _version_ |
1764410044931112960 |