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Financing Development 2008

Whose Ownership?

image of Financing Development 2008

Aid alone cannot finance development; bringing in fresh sources of finance is essential. The emergence of a multiplicity of new financing options is good news for developing countries, but it also raises challenges. The authors in this stimulating book assess the changing landscape of international development finance from a global and a developing-country perspective. The result is a vast range of policy implications for donor and recipient alike. In an easily digestible format, the book provides recommendations on innovative policy mechanisms, on the use of both grants and loans in development finance, and on the challenges of managing diverse financial flows at country-level.

 

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A Paris Declaration for NGOs?

OECD Development Centre

In their statements on the Paris Declaration, International NGOs argue that its signatories, official donors, do not go far enough in harmonising and aligning their efforts. New data reveal Northern NGOs as much larger than hitherto assumed. Consequently they also look like donors in their own right, and therefore the principles of the Paris Declaration ought to apply equally to them. The current practices of international NGOs with respect to harmonisation, coordination, alignment and accountability leave much to be desired. Legal and financial imbalances between developing-country and developed-country NGOs contribute to suboptimal performance by the latter on central elements of the Paris Declaration, such as increased local ownership and mutual accountability. International NGOs need a Paris-like declaration for themselves. In some quarters progress towards this end is already under way.

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