aid framework.
It is suggested, however, that more aid would be
available to a territory if an approach to one of these agencies
were to be a first consideration, not a last resort.
6. It is important for territories to have at least an outline
Development Plan for say a 3 year period, rolling it forward each
year. The existence of such a plan can make it easier to obtain
aid from a mutilateral agency.
7. Aid policy must not overlook the need to encourage private
sector investment. The difficulty of a territory 'selling' itself
is appreciated but, for example, much has been achieved in Anguilla
to promote investment in hotels etc under a contract financed by
technical cooperation funds. More use of investment consultants
is worthy of consideration.
8. Aid policy, under technical cooperation arrangements, must also
be directed towards the creation of more efficient and effective
local manpower resources. The more this can be done, the less
expenditure will be required for TC officers and OSAS supplemented
staff; in the long run this should free more finance for capital
aid.
WIAD
December 1980