Multilateral Development Finance 2022.

Multilateral Development Finance 2022.

Nearly three years after the outbreak of the COVID-19 pandemic, a succession of mutually reinforcing crises and a challenging global context are putting the multilateral development system under pressure. Multilateral development finance is stretched across an ever expanding list of priorities, rang...

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Detalles Bibliográficos
Autor principal: OECD (-)
Autor Corporativo: Organization for Economic Cooperation and Development, author, issuing body (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Paris : Organization for Economic Cooperation & Development 2022.
Edición:1st ed
Materias:
Economic development > Finance.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009707510606719
Tabla de Contenidos:
  • Intro
  • Foreword
  • Table of contents
  • Abbreviations and acronyms
  • Executive summary
  • The multilateral development system faces a triple test in a challenging global context
  • Multilateral organisations are under pressure to optimise and diversify their funding
  • Greater effectiveness and prioritisation of multilateral development finance is required to support an inclusive and sustainable recovery in developing countries
  • Keeping focused: On reform, sustainability and inclusiveness
  • 1 Overview
  • 1.1. Multilateral development finance in context
  • 1.2. Funding to the multilateral development system
  • 1.3. Financing from the multilateral development system
  • 1.4. Policy recommendations
  • References
  • 2 Multilateral development finance in context
  • 2.1. The multilateral development system at a glance
  • 2.1.1. The multilateral development system is a major component of the development co-operation landscape
  • 2.1.2. Multilateral development has become a complex and diverse ecosystem
  • 2.2. The unstable global context puts pressure on multilateral development finance
  • 2.2.1. A more shock-prone world tests the relevance and capacity of multilateral models
  • 2.2.2. Geopolitical polarisation could generate tensions in the multilateral development system between competing values and priorities
  • 2.2.3. Multilateral approaches and institutions are increasingly contested
  • 2.3. Recent crises are a double-edged sword for multilateral reform
  • 2.3.1. Recent crises have drawn attention on the need to adequately resource the multilateral development system, but other aspects of multilateral reform have lagged behind
  • 2.3.2. There are tensions and trade-offs between the various objectives of multilateral reform
  • References
  • Note
  • 3 Funding to the multilateral development system.
  • 3.1. The multilateral development system continues to grow in importance as an ODA channel
  • 3.1.1. DAC members' multilateral contributions reached an all-time high in 2020
  • 3.1.2. DAC members continue to supply most of the multilateral development system's funding
  • 3.1.3. Recent increases in multilateral contributions are not evenly distributed across the system
  • 3.1.4. Official providers' continued tendency to earmark their contributions constrains the flexibility of multilateral development organisations and their ability to reform
  • 3.2. Multilateral organisations are under pressure to diversify and optimise their funding structures
  • 3.2.1. The UN Development System seeks to overcome funding vulnerabilities through system-wide reforms and greater engagement of private actors
  • Funding vulnerabilities continue to challenge the UN Development System
  • The UN Funding Compact shows mixed progress in the effort to secure stable and sustainable funding
  • Partnerships with the private sector offer both opportunities and risks
  • 3.2.2. Multilateral development banks are increasingly capitalising on their unique ability to access global financial markets
  • The MDBs' unique financial model provides flexibility in times of crisis
  • MDBs' financing headroom is reduced by limited potential for new capital increases
  • MDBs are under increasing pressure to do more with less and optimise their balance sheets
  • Special drawing rights rechannelling offers another option to boost MDBs' lending capacity
  • 3.2.3. Increased funding to vertical funds helps scale up multilateral development finance but risks exacerbating pressures on the system
  • Donor governments seek recourse to vertical funds in the face of emerging global challenges
  • Most vertical funds ultimately rely on the implementing capacity of existing multilateral organisations.
  • 3.3. Outlook and policy recommendations
  • 3.3.1. The pandemic has highlighted and amplified the strengths and weaknesses of the multilateral system
  • 3.3.2. DAC members have a shared responsibility to safeguard the effectiveness of the multilateral development system
  • Develop a holistic vision for the multilateral system to ensure its fitness to meet new global development challenges
  • Provide sustainable and predictable funding for a more resilient system
  • Improve co-ordination across the system to increase the coherence and complementarity of multilateral efforts
  • References
  • Notes
  • 4 Financing from the multilateral system
  • 4.1. The multilateral development system played a crucial role in the COVID-19 crisis response
  • 4.1.1. Multilateral outflows reached record volumes in 2020, with similar figures expected for 2021
  • 4.1.2. The international financial institutions drove the rapid surge in multilateral financing during the first year of the crisis
  • 4.1.3. Multilateral finance was not sufficient to cover developing countries' COVID-related spending
  • 4.1.4. Multilateral development finance still favours middle-income countries
  • 4.1.5. Multilateral development organisations are increasingly incorporating the support to global and regional public goods in their agendas
  • 4.2. The contribution of the multilateral development system is critical to meet the challenges of the recovery in developing countries
  • 4.2.1. The sustainability and inclusiveness pillars of the recovery provide a compass for multilateral action in the next decade
  • 4.2.2. Recent crises have increased the multilateral focus on reducing poverty and inequality
  • The multilateral response to the COVID-19 pandemic helped mitigate the social impact of the crisis
  • A strong recovery will require increased multilateral focus on poverty and inequality.
  • 4.2.3. A sustainable recovery requires greater multilateral support to address the growing climate and biodiversity emergencies
  • The multilateral development system is a major and growing actor in the area of green finance
  • Persistent bottlenecks in climate and biodiversity-related finance suggest the need for greater mainstreaming
  • 4.3. Outlook and policy recommendations
  • 4.3.1. The shift from emergency response to recovery requires better co-ordination
  • 4.3.2. Multilateral development finance is called on to play a pivotal role in developing countries' recovery from successive crises
  • Ensure that the needs and priorities of the poor and marginalised become a priority in multilateral investments
  • Mainstream climate and biodiversity further in multilateral development finance
  • References
  • Annex A. Statistical methodology
  • Scope of multilateral inflows and outflows
  • Clustering of sectors
  • Clustering of multilateral organisations
  • Calculation of multilateral financing to global and regional public goods
  • Annex B. Country factsheets: DAC providers' use of the multilateral development system
  • Glossary.

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