The Role of Consultants in Improving the Effective use of External Assistance

Abstract

The effective deployment of external assistance is vital to the development strategies of nations, particularly those undergoing economic transitions. This study examines the pivotal role that consultants play in optimizing the impact of external aid on national socio-economic development. Emphasizing the collaboration between international consultants and local stakeholders, the research illustrates how strategic expertise and guidance contribute to the successful execution of externally funded initiatives. By engaging in this analysis, the study adds to the ongoing discourse on international development and capacity building, highlighting the critical importance of tailored advisory services in improving aid effectiveness. Employing qualitative methodologies, such as case studies and interviews, the research identifies key factors that influence the success of consultancy interventions. These findings are instrumental for policymakers, development agencies, and consultants, offering a strategic framework for refining consultancy practices. The results emphasize the necessity of continuous enhancement in consultancy methods and the development of local consultancy markets. Strengthening these elements is essential to fully harness the benefits of external assistance, thereby advancing sustainable socio-economic development. UDC: 339.96:005.572(478); JEL: F35, O19, L84.