November 2006, International Finance Corporation | Office for Adivsory Services in Latin America and the Caribbean
Taking the spirit of the EITI to municipalities, Enhancing Local Benefits (ELB) has developed an approach to address the resource curse effect at the sub-national level. The basic idea is to address a local government's limited absorptive capacity to make effective use of the EI resources it obtains to contribute to local development.
The approach is two-pronged:
- working on one hand directly with a local government building capacity in investment management and execution, and
- working with civil society organizations, to establish effective transparency and social accountability mechanisms.
The idea behind simultaneous efforts, from within and from outside the municipality, is to generate complementary forces working in the same direction to build synergies that help improve public investment, and hence the impact of EI related public resources.
