In 2000, there were few sources of development assistance available for developing countries to fund their development. Finance from the so-called ‘traditional’ donors – members of the OECD Development Assistance Committee (DAC) – accounted for the vast majority of available external development assistance.
Today, the aid landscape has changed dramatically. The growth of other forms of development assistance – funding from non-DAC donors (such as China and India), climate finance funds, social impact investors, philanthropists and global vertical funds – has greatly outpaced that of traditional aid.
A new ‘age of choice’ of external financing options for developing countries is dawning. This project explores the challenges and opportunities faced by developing countries managing development assistance in this new landscape. It particularly focuses on the priorities and strategies that developing country governments employ in managing aid from both traditional and less traditional providers.
An ‘age of choice’ for infrastructure financing in sub-Saharan Africa? Evidence from Ethiopia and Kenya
The Age of Choice: how are developing countries managing the new development finance landscape? The case of Viet Nam
Debt sustainability in HIPCs in a New Age of Choice: Taking stock of the debt relief initiatives and implications of the new development finance landscape for public debt sustainability
Amid the cut and thrust of high-level discussions on global goals and the architecture of development finance at the international level, a fundamental shift is taking place in developing countries. This event will present the findings of new research into how...