Removing binding constraints to growth?
By Paul
I learned via P&G blog that the World Bank has launched a new fund called Africa Catalytic Growth Fund. One of the Fund’s targets is removing binding constraints to growth;
“Binding constraints to growth are removed through the ACGF framework for systematically targeting high performing and transformation countries, as well as regional integration initiatives that demonstrate evidence of specific constraints. Increased targeted aid for these countries can enable them to solve immediate problems that present barriers to their development, to implement critical reforms and provide them with the technical and financial assistance to give them the opportunity to break existing barriers, leading to higher sustained rates of growth.”
For Comment: I would like to hear your response after reading the above ‘humble’ objective of the program.
Related Podcast; Two Views on Global Development; Revive the Invisible Hand or Strengthen a "Society of States"?