Challenges inherent in Design/Implementation of donor funded projects in developing countries and how to resolve and tackle the issues through Finance For Development and Sustainable Development Goals (SDGs) which is a new framework for sustainability for economies in the world.

1. DESIGNS/IMPLEMENTATIONS OF
DONORS PROJECT IN FINANCE
FOR DEVELOPMENT
BY
Nkoro, Nkoro E.

2. Overview
• Finance for Development which is a new course or program from the World Bank
Group that seek to allow the individuals, groups, nations and even the world to
have a better understanding and knowledge towards what is finance and how its
being used in regards to development especially as focus is now on Sustainable
Development Goals (SDGs) which had replace Minillium Development Goals
(MDGs).
• The sustainable development goals (SDGs) are a new, universal set of goals,
targets and indicators that UN member states will be expected to use to frame
their agendas and political policies over the next 15 years.
• The SDGs follow and expand on the millennium development goals (MDGs),
which were agreed by governments in 2001 and are due to expire at the end of
this year.
• Finance for Development is how money and resources are being use and utilized
in managing funds used in donor projects/programmes

3. LESSONS LEARNT
• That Finance for development should be sustainable as coined from
SDGs – concept of Sustainable Development
• That Tax being another means of finance for development
• Commercial finance as part of innovative finance the World Bank
Group and ODA uses to finance development and investments
• Billions to Trillion concepts and our contribution

4. OBSERVATION/PROBLEMS
• As a Development worker in one of the Donor Project in over 6 six
years, and as part of my interactions, trainings, workshops, etc
regarding donor funded projects, the designs and its implementation
been a great concern to me and even to others, especially
implementers of donor funded project.
• I have observed that the period between a project design and its
actual implementation time is always a long gap that spanned from
one year to almost 5 years before the project eventual start
operation/implementation. This leads to some issues associated with
Exchange rate differences, under/over budgeting, political
environment instability/policy, economical policies of the benefitting
nations, etc.

5. OBSERVATION/PROBLEMS (cont’d)
• Exchange rate differences: This causes the project during
implementation to have setbacks, because between the project
design and its implementation, a long gap had been created causing
either over loss/gain in exchange rate difference
•

6. PROBLEMS ENCOUNTERED IN FUNDED DONOR
PROJECTS IN SOME DEVELOPING COUNTRIES
• Benefitting contribution by the benefitting group/individuals
• Counterpart fund payment/contribution by government
• Inadequate envelop to entertain all request by communities
• Cost provided in the project document is inadequate to finance
projects/subprojects
• Sustainability of some activities arising out of lack of cohesion of
group members/groups

7. RECOMMENDATIONS
• I do recommend that if these few issues I have raised are met and
resolve strategically and innovative/creative Monitoring and
Evaluation towards donor funded projects is also used, it will help to
actualize our aims towards SGDs and finance for development will
become more effectively utilized and harness.