Finance for Development : Trends and Opportunities in a Changing Landscape
Over the past couple of decades, global financing for development has changed dramatically. The biggest shifts have been the rapid increase of net private financing flows to developing countries, in particular to middle-income countries (MICs); the...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/321031468337241191/Finance-for-development-trends-and-opportunities-in-a-changing-landscape http://hdl.handle.net/10986/26894 |
| Summary: | Over the past couple of decades, global
financing for development has changed dramatically. The
biggest shifts have been the rapid increase of net private
financing flows to developing countries, in particular to
middle-income countries (MICs); the sustained growth of
official development assistance (ODA) from Development
Assistance Committee (DAC) members, even excluding debt
relief; the emergence of MICs as growth poles and sources of
ODA with different approaches to aid delivery than those of
DAC donors; and the expanded role of private aid. In
addition, past trends of proliferation, fragmentation and
earmarking of aid have continued. This paper reviews broad
trends in global financing for development, with a focus on
ODA and the growing importance of new development partners
such as the so-called BRICS. In this context, it discusses
the implications of this changing landscape for aid
effectiveness and the role of ODA going forward. |
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