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
Agenda
Date
20/09/2023
Location
Online Webinar
Time
From 4:00 pm To 5:30 pm
Speakers
Research Fellows
Ibrahim Elbadawi
Managing Director, Economic Research Forum
Senior Associates
Shahrokh Fardoust
Research Professor, Global Research Institute, College of...
Speakers
Stefan G. Koeberle
Director, Strategy and Operations, Middle East and...
Speakers
Moritz Piatti-Fünfkirchen
Senior Economist, the World Bank
Research Fellows
Rabah Arezki
Director of Research, Centre National de la...
Policy Affiliates
Mary Kawar
Former Minister for Planning, Jordan