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assessing portfolios

Guest Post by Martin Ravallion: Are we really assessing development impact?

When people ask about “development impact” they are often referring to the impact of some set of development policies and projects; let’s call it a “development portfolio.” The portfolio of interest may be various things that are (ostensibly) financed by the domestic resources of developing countries. Or it might be a set of externally-financed projects spanning multiple countries—a portfolio held by a donor country or international organization, such as the World Bank.