The Future of Aid: Crisis and Opportunity –How the COVID-19 moment will catalyse change in the aid sector
UNU-IIGH ed. The Future of Aid: Crisis and Opportunity –How the COVID-19 moment will catalyse change in the aid sector 2020/04/30 Virtual. Kuala Lumpur, malaysia: UNU-IIGH, 2020.
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Sub-type Conference proceedings Author UNU-IIGH Title of Event The Future of Aid: Crisis and Opportunity –How the COVID-19 moment will catalyse change in the aid sector Date of Event 2020/04/30 Place of Event Virtual Organizer UNU-IIGH
Wilton Park
Joep Lange Institute
Coalition for Global Prosperity
Development Initiatives
Equal International
OECD Development CentrePublication Date 2020-04-30 Place of Publication Kuala Lumpur, malaysia Publisher UNU-IIGH Pages 6 Language eng Abstract The response to the COVID-19 pandemic has shown that the global development architecture is weak, and not ‘fit for purpose’ to respond to a large scale and global crisis. At the same time this crisis has opened an opportunity to ‘build back better’ by rethinking the global development and financial architecture, systems and the set of modalities used in international cooperation. Moving beyond ODA to Global Public Investment (GPI) for global public goods. Key points raised during the discussion: (1) The global response to the unprecedented COVID-19 crisis has shown that the global development architecture governing concessional international public finance for development is not ‘fit for purpose’ and would need to adapt to match the scale of such crises. (2) The response has also demonstrated the critical need to realign the different responses at the global level - health, development and humanitarian assistance, recognising the secondary impacts on economy, peace, security, human rights, with the SDGs (and SDG17 Partnerships) hardwired into the system. (3) There is recognition that in this moment of extreme crisis there are new opportunities, with a once in a generation opportunity to affect real change, and to ‘build back better’. Keyword Aid
Aid effectiveness
Aid modalities
COVID-19 pandemic
Development
ODACopyright Holder UNU-IIGH Copyright Year 2020 Copyright type Creative commons -
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