DFI was contracted by the Government of the Kyrgyz Republic in order to train government officials in the latest LIC-DSF methodology. The training was organized by the Ministry of Finance and was opened to staff from various departments at the Ministry as well as the Central Bank. Training included lectures about the methodology and the DSF template. The last two days allowed for participants to practice with some country specific exercises.

This paper argues that the surge in capital flows to developing and transition countries is generating exchange rate appreciation and exposing them to greater instability: developed countries will not be able to sustain their low interest rate policies indefinitely, and rises in interest rates in the past (particularly in the US) have led to crises in developing countries.

DFI participated in a joint mission with the World Bank to Sao Tome and Principe. The mission met with officials from the Central Bank, Ministry of Foreign Affairs and the Ministry of Finance as well as commercial banks operating in the country. The main objective of the mission was to evaluate the existing debt management capacity in the country within the framework of the Debt Management Performance Assessment (DeMPA). At the end of the stay, the mission presented the national authorities with a preliminary assessment.

DFI was recently commissioned by the UN DCF to prepare a background study analysing the quantity and quality of aid in LDCs and outlining possible elements for an LDC accountability framework that builds on existing review processes. The study was discussed at the Fourth United Nations Conference on Least Developed Countries (LDC-IV) held from 9 to 13 May 2011 in Istanbul, Turkey to review the Brussels Programme of Action (BPoA) and agree on a new Programme of Action (IPoA) for LDCs. The paper can be downloaded from here

DFI assisted the UN Department of Economic and Social Affairs to prepare a background paper and side event at the conference. See more on this event here. DFI also helped Save the Children UK to write a background paper on aid to LDCs, called The LDCs: Biggest Challenges, Least Assistance ?

DFI helped to facilitate this symposium, preparing a background paper and chairing a panel on developing a comprehensive accountability framework for development cooperation for LDCs, and preparing a presentation on national-level mutual accountability. The symposium also covered issues of development effectiveness and results, ownership and conditionality, and accountability in aid for education. The presentations and conclusions of the symposium are available at www.un.org/en.

DFI and the Global Economic Governance Programme at University College Oxford conducted a joint mission to the World Economic Forum in order to meet with African business people and pilot the private sector questionnaire for the African Development Bank Client Survey. The meeting yielded useful preliminary findings towards the survey, and helped to improve its methodology.

DFI and GEG held the first workshop for government managers of AfDB financing officials, jointly with the Government of Mali and the AfDB. In the workshop 25 officials from 18 countries evaluated the AfDB's policies and procedures using the HIPC CBP system for evaluating different sources of government financing. They also discussed broader issues such as decentralization, AfDB internal evaluation systems, transparency and communication, and partnership with other African institutions, and produced wide-ranging recommendations for improving AfDB performance. The project document is available here. A second workshop for government officials will be held in Johannesburg on June 29-July 1.

Following on from participation in the Expert Meetings in Q4 2010, DFI Programme Manager Nils Bhinda went on secondment to UNCTAD to work on FDI linkages to other financial flows. During this time he contributed towards related sections of the World Investment Report 2011, which has recently been published.

DFI Programme Manager Nils Bhinda attended the Botswana SMME Conference and Fair, where he represented UNCTAD at the invitation of the Local Enterprise Authority. The Conference addressed the challenge of economic diversification in the context of declining natural resource revenues, and private sector led growth via SMMEs. Mr Bhinda presented on global FDI trends and prospects. The Fair showcased SMME products and services. The events were very well attended by national, regional and international experts.