The second future path for social funds is as special-purpose vehicles, providing selective seed capital to foster innovations in community de- velopment, to experiment with new technologies, and to act as the government’s agent in remote areas and for very small-scale activities. Even though many of the social funds might already characterize them- selves as special-purpose vehicles, they have gotten much broader. This possible path needs focus, as well as this question: What is the niche for social funds? And third, funds can become specialists in delegated contract manage- ment, an area which will perhaps invariably be developing outside the public sector. This is where AGETIPs specialize. It is this.
