Nearly three years after the outbreak of the COVID-19 pandemic, a succession of mutually reinforcing crises and a challenging global context are putting the multilateral development system under pressure. Multilateral development finance is stretched across an ever expanding list of priorities, ranging from humanitarian crisis response to the provision of global and regional public goods.
International Debt Statistics (IDS), a long-standing annual publication of the World Bank, features external debt statistics and analysis for the 123 low- and middle-income countries that report to the World Bank Debtor Reporting System. This 2022 edition of IDS includes (1) an overview analyzing global trends in debt stocks of and debt flows to low- and middle-income countries within the framework of aggregate capital flows (debt and equity); (2) an evaluation of the volume of debt service deferred through the Debt Service Suspension Initiative (DSSI) in 2020 and the 2021 extension for participating eligible countries, as well as borrowing trends and debt service costs for DSSI-eligible countries that did not participate in the initiative; (3) tables and charts detailing debtor and creditor composition of debt stock and flows, terms of new commitments, and maturity structure of future debt service payments and debt burdens, measured in relation to gross national income and export earnings for each country; (4) one-page summaries per country, plus global, regional, and income group aggregates showing debt stocks and flows, relevant debt indicators, and metadata for six years (2010 and 2016†“20); and (5) a user guide describing the tables and content, definitions and rationale for the country and income groupings used in the report, data notes, and information about additional resources and comprehensive datasets available to users online. Unique in its coverage of the important trends and issues fundamental to the financing of low- and middle-income countries, IDS 2022 is an indispensable resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community. For more information on IDS 2022 and related products, please visit the World Bank's Data Catalog at https://datacatalog.worldbank.org/dataset/international-debt-statistics.
The multilateral system channels a growing share of official development assistance (ODA), reflecting its increasing significance in an era of overlapping crises and development challenges. However, as the system is pressed to address an expanding array of humanitarian and development issues, its limitations are becoming apparent, prompting a strong push for reforms to enhance its capacity. This fourth edition of the Multilateral Development Finance report sheds light on the aid flows directed to and from the multilateral development system and assesses the impact of ongoing reforms. Highlighting the need to manage the risky trade-offs introduced by recent evolutions, such as the growing reliance on financial innovation, the report proposes solutions to make the system fit for the future. This edition is enriched with online data visualisations showing how members of the OECD Development Assistance Committee (DAC) use the multilateral system.
In the last three years, multiple global crises and the growing urgency of containing climate change have put current models of development co-operation to, perhaps, their most radical test in decades. The goal of a better world for all seems harder to reach, with new budgetary pressures, demands to provide regional and global public goods, elevated humanitarian needs, and increasingly complex political settings.
This book examines advanced approaches to finance infrastructure projects. In doing so, it synthesizes developments and generates new understandings in the field. Infrastructure financing has moved beyond traditional government funding, multilateral assistance, and project finance, to a diverse set of innovative approaches, increasing participation from private, institutional, commercial, and philanthropic investors. Chapters in the book discuss various infrastructure finance themes including the dynamism of project finance, diversification of multilateral assistance into various concessional and guarantee instruments, the surge of green and other thematic bonds, the role of land value capture, funded and unfunded risk mitigation options, growth of private institutional markets, and asset recycling. Given that developments in infrastructure finance are followed by many financial institutions, private developers, public sector policymakers, consulting firms and academic institutions, a researched discussion on the subject will help readers reflect on, compare and contrast the emerging trends in relation to their practice.
Close to the halfway point of the Sustainable Development Goals, a significant data gap threatens to leave the poorest and most vulnerable behind. The PARIS21 Partner Report on Support to Statistics 2022 raises the alert on shortfalls in funding to data and statistics that have grown larger in 2020 – only partly due to the COVID-19 pandemic.
This report provides a year-by-year overview of the main trends in development finance with biodiversity-related objectives for the period 2015-22, considering a wide range of sources: bilateral providers from Development Assistance Committee (DAC) members and beyond, including South-South and triangular co-operation providers; multilateral development banks and other multilateral institutions; private finance mobilised by development finance; and private philanthropy. The estimates are based on statistical data from the OECD and the International Forum on Total Official Support for Sustainable Development (TOSSD), capturing both official development assistance and non-concessional development finance. They include breakdowns by provider, sector, financial instrument and recipient country grouping, as well as details on financial allocations to the mainstreaming of biodiversity, climate change, Indigenous peoples and local communities, and gender equality. The evidence aims to help DAC members and other stakeholders implement the Kunming-Montreal Global Biodiversity Framework under the Convention on Biological Diversity and track the contribution of development finance against its Target 19 on resource mobilisation.
Each year, WHO’s World malaria report offers in-depth information on the latest trends in malaria control and elimination at global, regional and country levels. The report highlights progress towards global targets and describes opportunities and challenges for curbing and eliminating the disease. This year’s report includes three new sections on: (1) global and regional initiatives launched in 2021 and 2022; (2) global malaria surveillance and country-level case studies on surveillance systems assessments; and (3) research and development. The report also includes an expanded section on threats to malaria control, with a focus on the declining effectiveness of insecticide-treated mosquito nets.
The concept of international climate finance channelled from developed to developing countries through public interventions for mitigation and adaptation has been developed over the last decade, but its roots date back to the early 1990s. Despite the high relevance of the topic in the international climate negotiations, illustrated by the (missed) target to mobilise USD 100 billion by 2020, there is no book that provides an overview accessible to academics and practitioners alike.
