1887

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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Ownership in the Multilateral Development-Finance Non-System

OECD Development Centre

The complexity of the international development-finance architecture is evolving as new actors and instruments enter the arena. This throws into question the capacity of aid to deliver development. This chapter highlights the current disorder and inconsistencies in the multilateral development finance system and the associated challenges: duplication, mission creep, loss of leverage and the heavy burden put on recipient-country administrations. To promote effective and democratic ownership of development finance, it identifies avenues for reform of the current system. It suggests streamlining the multilateral division of labour and country-based delegated co-operation arrangements.

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