The course discusses practical side of development cooperation that participants have to know in working on projects with particular attentions to Jordan and Iraq. Firstly, we will study World Bank aid strategy including activities in International Development Association of the World Bank group. Development practitioner should not be isolated from what is going on in international aid community. Understanding on aid strategy in international aid community will not only help participants work together with the other development institutions in donor meetings but also enhance impacts of the projects and improve quality of projects. Issues and obstacles in implementing aid by will be studied by taking Iraq as an example. Assistance by donors including the World Bank, IMF and Japan will be assessed and discussed to identify what can be further done for Iraq.
The second topic of the course is about credit risk analysis. Participants will study debt crisis as a consequence of project lending without credit analysis on repayment capability. Familiarity on macroeconomic risk management of the projects is crucial for development practitioners in identifying projects, funding them and managing them. We will work through several criterions broadly employed by aid organizations including JICA, World Bank and IMF. The required level of economics will be kept minimum (second year college level).
The third topic will be social protection with focus on pension system. Developing countries are aging faster than developed countries. However, developing countries are not well prepared against rapid aging in terms of income levels as well as institutions including pension system. Income inequality is substantially higher among the elderly than the nation average. Reforming and initiating pension system is of urgent importance for developing countries since it will take time to reform pension system. The course will cover social side of the aid with many examples from World Bank and ADB.
Apart from the above three topics, development cooperation by private sector and development cooperation in the areas of education will be discussed if the time is allowed.
【1st day】Aid and its International Trend: This session will cover discussions regarding ODA and its effectiveness based on funding source such as bilateral and multilateral. Advantages and disadvantages on each funding sources will be argued and analyzed. The, past ODA strategy of the multilateral institutions, particularly the World Bank will be overviewed with various country examples.
【2nd Day】Aid to Low Income Countries: The session will focus on aid activities in International Development Association (IDA), one of the World Bank groups in charge of Heavily Indebted Poor Countries (HIPICs) and low income countries.
【3rd day】Debt Crisis and Credit Risk Analysis: The third day will discusses criterions of credit risk analysis of the project. The session will start with IMF/WB macro stabilization program with some examples and then cover debt sustainability analysis, mandatory pre-operational exercise in IMF and World Bank's projects.
【4th day】Social Protection: The session will present social protection: a recent trend in social protection and its objective. It will also discuss theory of pension and present critical arguments regarding pension reform based on past examples of pension projects.
【5th day】Country Assistance Strategy on Iraq: The current situation on Iraq will be introduced first. Then, Development Policy Lending as main assistance instrument employed in Iraq is discussed. Group study will be conducted to assess current assistance in Iraq and to find future areas for assistance.
* During the five day course, we may have some quest speaker sessions.
** Quiz on each topic will be given at the end of the class.