International Development In Hard Times: Reflecting On The Major Multilateral Replenishments Of 2013

In the wake of the economic recession in OECD countries, donors are cutting aid budgets. In September 2013, the first ever-real terms drop in IDA funding was agreed (the IDA is the principal source of World Bank funding for low income countries). In future less funding be available, and IDA’s loan terms are likely to be less generous. While the fragile states will see an increased allocation of resources, non-fragile states will see declines. The terms of concessional credits will be hardened with a smaller grace period and higher interest rates. In this seminar, one of the world’s leading experts will reflect on the future of aid, and how to finance international development in hard economic times.

Richard Manning, Vice Chair of the Global Fund Replenishment and Coordinator of the Replenishment of the AfDB’s soft fund. Former chair of the OECD’s Development Assistance Committee, 2003-08

This event is co-hosted with The Global Economic Governance Programme. To find out more or register your interest please contact geg@univ.ox.ac.uk

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Find a summary of the event with podcast and presentation slides on the Global Economic Governance Programme website