Having lost their absolute prominence as development aid instruments, investment projects remain a key instrument of development administration, and still an important vehicle of international assistance. In fact enthusiasm for a “program approach” to aid delivery should not obscure the wide array of aid modalities that is often necessary to deploy, as well as the importance of specific investment projects among them.
There is therefore a continuing role for projects as both (a) a way of managing government interventions and (b) a mode of donors’ intervention, where this is made consistent with the objectives of national programs developed and owned by national authorities.
Project planners in governments and aid agencies continue to face the challenge of ensuring the technical quality, the financial sustainability and the economic, social, institutional and environmental viability of development projects.
CORE-GP.1018, CORE-GP.1021; NONCR-GP.933 recommended