By Lynne Sherburne-Benz, Laura B. Rawlings, Julie Van Domelen
Brought in Bolivia a bit over a decade in the past, social cash became a key community-led poverty relief instrument. A departure from conventional government-sponsored methods, social money motivate groups and native associations to take the lead in determining and engaging in small-scale investments, more often than not in social infrastructure equivalent to faculties, health and wellbeing clinics, and small-scale water offer and sanitation.
The social fund version has proved to be a dynamic, replicable process, simply tailored and scaled up in diversified international locations worldwide. In Latin the US, Africa, the center East, jap Europe, and Asia, social money have now absorbed just about $10 billion in overseas and household financing. regardless of their acceptance, the effectiveness of social cash as a mechanism for bettering welfare has remained mostly unmeasured. This learn is the 1st systematic cross-country effect review of social money utilizing survey information and permitted assessment methodologies. The learn, conducted in Armenia, Bolivia, Honduras, Nicaragua, Peru, and Zambia, addresses 4 primary questions:
--Do social cash succeed in negative parts and bad households?
--Do social money convey top quality, sustainable investments?
--Do social money impact residing standards?
--How inexpensive are social cash and the investments they finance, in comparison with different supply mechanisms?
The results of very important new international financial institution examine, this ebook might be of curiosity to social coverage practitioners and analysts, to lecturers and scholars of improvement, and to someone drawn to present pondering on poverty aid thoughts.
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Extra info for Evaluating Social Funds: A Cross-Country Analysis of Community Investments
The impact evaluation work carried out in this study does not explicitly compare the outcome of social fund investments with an alternative demandor supply-side intervention. ) In each case study country, a counterfactual was constructed using a control or comparison group that did not benefit from a social fund investment but that often received other types of investments from the public sector, NGOs, or the private sector. The comparison is thus not between a social fund investment and no investment.
Despite their variety, they generally share a number of common characteristics:2 • Social funds are second-tier agencies. Social funds do not directly execute investments. Instead, they are second-tier financing agencies that appraise, finance, and supervise investments carried out by other agencies—typically, local representatives of line ministries, local governments, NGOs, or community groups. • Social funds offer a choice of multisectoral investments. Social funds typically offer implementing agencies a wide range of choices for the investment to be financed.
The stages of the project cycle are poverty targeting, promotion and needs identification, appraisal, implementation, operations and maintenance, and monitoring and evaluation. POVERTY TARGETING. In allocating resources, most of the social funds regularly use poverty maps, which indicate levels of poverty by geographic area. The funds generally establish goals for allocations to the poorer areas identified by the maps. They also use the menu of eligible investments to direct resources to low-income populations by financing the types of project that are relevant to the poor and screening out projects likely to be used by the nonpoor.