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Grants as challenge investment fund

22 August 2013 Dao Viet Dung, ADB

Inclusive growth Contents


- Rural poverty incidence: + stubborn pockets

+ near-poor vulnerable
Growth and access:

+ Poor access restricted

What were we trying to change ?

Contents

Pyramid base & market failures Sustaining outcome:

Empowering poor as
producers, suppliers, consumers

How we have tried to do it ?

Contents

M4P2

project focused systemic change:


Improve rules Research Policy

on

Action

Harness innovation benefiting poor Vietnam Challenge Fund


Support replication Capacity Building

Policy Action Research - Addressing systemic issues Contents


Evidence based policy dialogue is not enough. You need to:

Use credible, local research institutes that can navigate through


more likely to hit the right buttons.

Vietnams multi-layer political system. Such research carries greater weight,

Plug into existing policy debates. Take advantage of policy spaces and
windows know the landscape.

Adopt processes policy makers are comfortable with: in Vietnam

Policy Facilitators

Policy Influencers

Evidence Base

Champions of Change

Impact on Policy

Vietnam Challenge Fund

How they work

VCFs portfolio profile


o

Projects: seven, spanning seven provinces


Business activities: fruit, fish, cassava, coffee, mushrooms, tea and beef

Types of grantee companies: SOE, small private firms, foreign MNE, joint venture
Size of projects: from US$1,153,000 to US $240,000 Size of grants: from US$250,000 to US$109,000

Total size of VCF grant funding: US$1,265,000


Total size of project spending: US$3,713,000

Sustainability and beyond

Projects are designed to be commercially viable business ventures (profits = sustainability) Projects are partly selected based on their potential to:

Scale up operations over time, if proven successful Replicate operations in other locations (in Vietnam and beyond) Replicate operations or innovations in other business sectors thereby delivering systemic change that can benefit the poor, well beyond the direct beneficiaries of the 7 projects

Various approaches but one common aim


o

Application of new and innovative technology Introduction of certifications of various kinds Establishing traceability systems

Piloting new product varieties


Penetrating export markets Niche products and branding

But one common denominator

a positive impact on the incomes of poor farmer households involved in these projects

grants for good ideas


How VCF addresses systemic issues

Issues: Low Productivity, quality, low price, weak branding, exporting raw materials, low value added, weak collaboration . Collaboration: Changes in practices, roles and performance of important system players and functions Enterprises, farmers, scientists, supported by government Dynamic role of enterprises Empowering people Market approach: - Need to find market imperatives Value chain: Inputs as sourcing: cassava, Production: coffee ( fair-trade), tea ( organic ) Delivery : tea, cassava, Branding/marketing: tea, beef Distributing to consumers: beef, mushroom, fishery, tea.

Our interventions aimed to crowd-in the Private Sector

Market not working for the poor Period of temporary intervention

Market working better for the poor

Entry

Trial and Pilot

Crowding-in

Exit

Multi-faceted intervention actions to promote system change

Lessons Learnt: Pro-Poor Innovation


The right firms Right ideas Close monitoring

Portfolio culling, scaling up, replication Be prepared to close the failures

Thank you
For more details www.markets4poor.org
Dao Viet Dung, Senior Public Sector Management Officer, VRM Tel. 39331374/125 dvdung@adb.org

Asian Development Bank


FIGHTING POVERTY IN ASIA & PACIFIC

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