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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