Multilateral Development Finance
Towards a New Pact on Multilateralism to Achieve the 2030 Agenda Together
This report contributes to the broader international debate on why we need multilateralism and how to make it more effective to achieve the 2030 Agenda. At a time when the value of multilateralism is being questioned, the report provides new evidence and recommendations for a new “pact” on multilateralism. This pact would be founded on recognition of the mutual responsibility of sovereign states and multilateral institutions to create a stronger, more effective multilateral system.
The report offers a detailed overview of official development assistance (ODA) spending through the multilateral system. This year’s edition introduces three innovations. First, it examines the growing role of China, other sovereign states, philanthropy and the private sector as funders of multilateral organisations. Second, it analyses concessional and non-concessional spending by multilateral institutions, and discusses how multilateral action needs to adapt to the new development agenda. Third, it presents a new multi-dimensional metrics to measure the quality of multilateral funding, using financing to the World Health Organisation as a case study. Building on this evidence, the report outlines policy recommendations that provide a sound basis for principles of good multilateral donorship to deliver on the 2030 Agenda.
Funding from the multilateral development system
This chapter examines the evolution of concessional and non-concessional operations of multilateral development partners by institution, sector and instrument. It aims to elucidate the characteristics of each multilateral group and the global trends in the multilateral development finance architecture. It analyses how multilateral development partners are contributing to the 2030 Agenda. This includes: supporting country governments, working in vulnerable contexts, supporting developing countries to mitigate and adapt to climate change, providing global public goods, mobilising private finance for development and supporting private sector development, particularly through infrastructure development. Further, the chapter examines how the operations of multilateral development partners will need to change to respond to the new development agenda. The chapter concludes with lessons for good multilateral co-operation in the era of the 2030 Agenda.