Eighth Luca d’Agliano Lecture in Development Economics

Eighth Luca d’Agliano Lecture in Development Economics: “The Future of Aid” by Nemat (Minouche) Shafik (Permanent Secretary, Department For International Development – DFID), 17 December 2010, 5 p.m., Fondazione Luigi Einaudi, Palazzo d’Azeglio, Via Principe Amedeo 34, 10123 Turin.

Aid is becoming bigger and more rigorous but also more global, fragmented and networked. The $170 billion aid industry has grown rapidly from a small club of OECD donors to include a plethora of actors including emerging powers like China and Brazil, private corporations, foundations, civil society and faith groups. This growing market for aid is increasingly subject to greater transparency, attention to results, and independent evaluation as knowledge has grown, technology has enabled greater transparency and citizens demand greater accountability. As much of Asia grows its way out of poverty, aid will increasingly be focused on Africa and on countries plagued by conflict and instability. A growing share of aid will be directed to tackling global public goods – like climate change and public health. In future, global challenges will increasingly be addressed through coalitions that cut across states, private sector and civil society. These networks to address poverty and global issues will increasingly become a feature of the international architecture in a multipolar world.

Nemat (Minouche) Shafik, Permanent Secretary of the Department for International Development (DFID) since 2008, is responsible for overseeing UK government’s contribution to the developing world. Her department controls a budget of more than £9 billion a year. She joined DFID in November 2004, as Director General Country Programmes, with responsibility for all of DFID’s bilateral country programmes. Previously, she served as Vice President, Private Sector and Infrastructure at the World Bank and was part of the senior management group of the International Finance Corporation (IFC). She has also taught at the Wharton Business School and at Georgetown University. Minouche received her B.A. in Economics and Politics from the University of Massachusetts-Amherst and her M.Sc. in Economics from the London School of Economics. She also holds a D.Phil. in Economics from St. Antony’s College, Oxford University. She was born in Alexandria, Egypt, but she grew up in the United States of America.

Text of the Lecture