Setting the principles to underpin public investment for global ‘commons’ in a post-COVID world

UNU-IIGH ed. Setting the principles to underpin public investment for global ‘commons’ in a post-COVID world 2020/07/15 Virtual. Kuala Lumpur, malaysia: UNU-IIGH, 2020.

Document type:
Conference Proceeding

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    WP1766V3-Future-of-Aid-dialogue-three-report.pdf Wilton Park virtual dialogue report 3 Click to show the corresponding preview/stream application/pdf; Bytes
  • Sub-type Conference proceedings
    Author UNU-IIGH
    Title of Event Setting the principles to underpin public investment for global ‘commons’ in a post-COVID world
    Date of Event 2020/07/15
    Place of Event Virtual
    Organizer UNU-IIGH
    Wilton Park
    Joep Lange Institute
    Coalition for Global Prosperity
    Development Initiatives
    Equal International
    OECD Development Centre
    Publication Date 2020-07-15
    Place of Publication Kuala Lumpur, malaysia
    Publisher UNU-IIGH
    Pages 4
    Language eng
    Abstract In the post-COVID era some of the previously assumed principles for international public funding spent as development assistance / ‘aid’ are proving not ‘fit for purpose’. This virtual Wilton Park discussion, the third in the ‘Future of Aid’ series, focused on what principles would be more appropriate in this new context of shared global challenges to finance ‘global public goods or commons’. Whilst some of the principles from the Paris and Busan ‘aid effectiveness’ era still resonate in the post-COVID climate challenged world, a number of new principles are proposed which will need further discussion, agreement, and buy-in, including from the public. Some proposed principles could be taken from elsewhere in the international ecosystem. Such principles might be agreed around: ambition; universality; mutual benefit; cross-border; human rights; localisation/sub-national; complementarity; building (cap)abilities; sub-national and reparation; effective governance; and ambition. They should support all countries, traditional recipients and donors in the old language, to share scarce resources in a form of ‘global public investment’ (GPI) to meet national interests and cross-border challenges. Some are potentially radical, others controversial. At the heart of this discussion is what are the new principles for governments and stakeholders around how public finance should be shared in future (North and South, South and South, South and North) to transfer resources?
    Keyword Aid
    Aid effectiveness
    COVID-19 pandemic
    Development assistance
    Copyright Holder UNU-IIGH
    Copyright Year 2020
    Copyright type Creative commons
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