TNAG-1001-FCO40-1237-Future-of-the-Dependent-Territories-including--Report-of-the-1981 — Page 197

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