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    Enhancing Concessional Assistance for a Post-2015 Development Agenda

    Basu, Ananya | December 2014
    Abstract
    "This paper seeks to empirically estimate the aggregate volume of concessional financing flows (comprising of traditional ODA, concessional flows from emerging donors, and private philanthropic flows) to all developing countries, as well as the share going to developing Asia and the Pacific. Empirical evidence shows that aggregate concessional financing flows to developing countries were at least $220 billion in 2012, of which at least $76 billion went to developing Asia and the Pacific. Traditional ODA still remains the single most important reported source of concessional financing for developing countries in general, although estimated private philanthropic flows appear to be more important in the Asian context. ODA-like financing flows from emerging economies remain relatively small. The paper examines mechanisms whereby different types of concessional flows—with diverse objectives and motivations—might be directed to effectively support a common post-2015 development agenda. Concessional flows are sensitive to poverty and MDGs, but much remains to be done to focus these on national and international development priorities. Common measures that can help channelize these flows toward a post-2015 agenda include continued sensitization of aid providers through wide-ranging consultations, establishment of objective and transparent indicators measuring developing countries’ need for and capacity to use assistance, and improvement in data and information (particularly for flows from private philanthropists and emerging bilaterals). In addition, the international development community and national governments can take specific actions. Providers of ODA flows must maintain a focus on vulnerable countries. International forums can encourage developed countries deliver on their ODA commitments. Measures must be adopted to ensure that south–south concessional flows do not crowd out traditional financing, including through triangular cooperation between northern and southern donors and developing country partners. Private philanthropy can be directed toward a post-2015 agenda mainly by national governments through appropriate policies, better promotion of targeted causes, and demonstration of social impacts of specific programs that need support. "
    Citation
    Basu, Ananya. 2014. Enhancing Concessional Assistance for a Post-2015 Development Agenda. © Asian Development Bank. http://hdl.handle.net/11540/2268. License: CC BY 3.0 IGO.
    Keywords
    Urban Development Finance
    Trade Finance
    Small Business Finance
    Rural Finance
    Roundtable on International Trade and Finance
    Regional Development Finance
    Public Service Finance
    Public Finance
    Project Finance
    Private Finance
    Nonbank Financing
    Non-Bank Financial Institutions
    Municipal Finance
    Local Government Finance
    Local Currency Financing
    Limited Resource Financing
    International Financial Institutions
    Infrastructure Financing
    Industrial Finance
    Government Financial Institutions
    Government Finance
    Financing of Infrastructure
    Financial Sector Development
    Financial Regulation
    Alleviating Poverty
    Anti-Poverty
    Extreme Poverty
    Fight Against Poverty
    Global Poverty
    Health Aspects Of Poverty
    Indicators Of Poverty
    Participatory Poverty Assessment
    Poverty Eradication
    Poverty Analysis
    Poverty In Developing Countries
    Poverty Reduction Efforts
    Urban Poverty
    Taxation
    Public Accounting
    National Budget
    Municipal Bonds
    Local Government
    Local Taxes
    International Monetary Relations
    International Financial Market
    International Banking
    Central Banks
    Business Financing
    Capital Resources
    Budgetary Policy
    Capital Needs
    Corporate Divestiture
    Capital Instruments
    Pension Funds
    Insurance Companies
    Banks
    Portfolio Management
    Development Indicators
    Environmental Indicators
    Economic Indicators
    Educational Indicators
    Demographic Indicators
    Health Indicators
    Disadvantaged Groups
    Low Income Groups
    Socially Disadvantaged Children
    Rural Conditions
    Rural Development
    Social Conditions
    Urban Development
    Urban Sociology
    Grants
    Loans
    Use tax
    Taxing power
    State of taxation
    Tax-sales
    Tax revenue estimating
    Tax planning
    Spendings tax
    Special assessments
    Tax administration and procedure
    Sales tax
    Real property and taxation
    Progressive taxation
    Effect of taxation on land use
    Effect of taxation on labor supply
    Intergovernmental tax relations
    Inheritance and transfer tax
    Energy tax
    Investment of public funds
    Intergovernmental fiscal relations
    Social infrastructure
    Public works
    Government lending
    Poor
    Economic forecasting
    Health expectancy
    Social groups
    Political participation
    Distribution of income
    Inequality of income
    Developing countries
    Rural community development
    Mass society
    Social change
    Social policy
    Social stability
    Population
    Sustainable development
    Peasantry
    Urban policy
    Urban renewal
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    Citable URI
    http://hdl.handle.net/11540/2268
    Metadata
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    Author
    Basu, Ananya
    Theme
    Finance
    Poverty
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise