The Future of Aid: towards global public investment?

UNU-IIGH ed. The Future of Aid: towards global public investment? 2020/03/17 Virtual. Kuala Lumpur, malaysia: UNU-IIGH, 2020.

Document type:
Conference Proceeding

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    WP1766V1-Future-of-Aid-dialogue-one-report.pdf Wilton Park virtual dialogue report Click to show the corresponding preview/stream application/pdf; Bytes
  • Sub-type Conference proceedings
    Author UNU-IIGH
    Title of Event The Future of Aid: towards global public investment?
    Date of Event 2020/03/17
    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 2020-03-17
    Place of Publication Kuala Lumpur, malaysia
    Publisher UNU-IIGH
    Pages 8
    Language eng
    Abstract This virtual discussion in the Wilton Park series on the Future of Aid is taking place at a time of unprecedented crisis and challenge to the global aid and humanitarian system as a result of the COVID-19 pandemic. Aid continues to be important and relevant. Global public spending and investment is considered a very important part of global cooperation going forward and more is needed. It is unique and does things other kinds of money can't do, including as a catalyst for change to reduce poverty and inequality and tackling some of the global challenges such as pandemics and climate change. However, there is a consensus that a new and updated conceptual framework for aid is required. It is no longer the case that there is one group of countries giving aid and another receiving aid. What form can or should aid, as concessional public finance, be best taken in the future? The current COVID-19 pandemic will affect all countries and not just those currently eligible for Official Development Assistance (ODA). The global response to COVID-19 provides the opportunity to reshape the thinking about global solidarity, the framework, objective mechanisms and the governance of aid. The COVID-19 pandemic also brings the concept of Global Public Investment (GPI), (which was presented and discussed during this dialogue), to the forefront of the aid debate and there is support for this approach. The international architecture for development financing needs to adapt to be able to respond to the anticipated slower global growth and reversal of poverty reduction; climate emergency and ever-increasing need for humanitarian aid; shifts in demographic and the technological/ digital revolution and its implications for future of consumption, production and work.
    Keyword Aid effectiveness
    Health investment
    COVID-19 pandemic
    Copyright Holder UNU-IIGH
    Copyright Year 2020
    Copyright type Creative commons
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