Book Launch: Retooling Development Aid in the 21st Century – The Importance of Budget Support

FromSep 20, 2023 To Sep 20, 2023

Online Webinar

ERF is organizing a webinar to discuss the recent book on:

Retooling Development Aid in the 21st Century -The Importance of Budget Support, by Shahrokh Fardoust, Stefan G. Koeberle, Moritz Piatti-Fünfkirchen, Lodewijk Smets, and Mark Sundberg | Published by Oxford University Press (OUP), 2023

Aid instruments need to adjust to new challenges and priorities. Global pandemics, climate change, increased inequality, low economic growth, and conflict have made it increasingly difficult for developing countries to achieve the Sustainable Development Goals. Retooling Development Aid in the 21st Century: The Importance of Budget Support examines the critical role of budget support by both multilateral and bilateral aid agencies to address the 21st century’s development goals of eliminating poverty and protecting our global commons. Timely and smartly designed budget support remains a powerful tool to help address the new reality developing countries face, providing fast disbursing finance in support of critical reforms.

Set against the background of a dramatically changing international financial architecture, the volume examines how budget support has evolved from its controversial past, addresses the evidence on performance and debates over conditionality, and it reflects on unmet expectations from the 2005 Paris Declaration. With the global financial crisis, the Covid pandemic, and the spillovers from conflict and climate change, budget support re-emerged as a key financing instrument to support policy reforms and catalyze private capital. Drawing on the lessons of the last two decades, the volume proposes a retooling of budget support as a versatile instrument to address both essential global public goods and tackle country-specific development challenges.

The book:

  • Highlights the need to revisit the role of budget support in delivering aid in an uncertain world and changing international financial architecture
  • Examines how budget support has evolved from its controversial past, including debates over conditionality and unmet expectations
  • Provides extensive evidence on the effectiveness of budget support to deliver financing and support key economic reforms across a diverse set of countries
  • Draws lessons learned for budget support practice to strengthen its impact, and address critical challenges in supporting global public goods including addressing the effects of climate change, pandemics and fragility

For more details on the book, please visit the Oxford University Press website

Register here to attend this webinar

Agenda

Date

20/09/2023

Location

Online Webinar

Time

From 4:00 pm To 5:30 pm

Speakers

Ibrahim Elbadawi

Research Fellows

Ibrahim Elbadawi

Managing Director, Economic Research Forum

Shahrokh Fardoust

Senior Associates

Shahrokh Fardoust

Research Professor, Global Research Institute, College of...

Stefan G. Koeberle

Speakers

Stefan G. Koeberle

Director, Strategy and Operations, Middle East and...

Moritz Piatti-Fünfkirchen

Speakers

Moritz Piatti-Fünfkirchen

Senior Economist, the World Bank

Rabah Arezki

Research Fellows

Rabah Arezki

Director of Research, Centre National de la...

Mary Kawar

Policy Affiliates

Mary Kawar

Former Minister for Planning, Jordan

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