This note provides guidance on
negotiating, designing, and implementing community
development agreements between investors and local
communities. Some investors, in particular those thatoperate
in remote rural areas, have made significant contributions
to local development through social development programs.
Their effectiveness and the manner in which they are
implemented depend on the context and the capacity of the
investor. The most successful programs include
localcommunities in making decisions about scope, require
investors to make binding commitments, and support rather
than supplant governmental responsibilities.