This report presents the state of play in multilateral development finance, highlighting key trends and their implications, and making recommendations for sustaining its development impact in increasingly challenging times.
This webinar examined the weight that multilateral compared with bilateral funding sources give to countries' level of vulnerability and poverty when allocating their resources.
The recent adoption of the Multidimensional Vulnerability Index (MVI) by the United Nations confirms the international consensus for taking greater account of structural vulnerability of countries in the allocation of concessional funds.
This now standardized measure of structural vulnerability is a particularly useful tool for multilateral and bilateral institutions, especially in view of the specific challenges facing vulnerable countries, especially SIDS and LDCs. It is now up to development institutions to take greater account of vulnerability-related issues and adapt their practices accordingly. This has to be compared to the present behaviour of donors.
The webinar was introduced by the OECD's presentation of its latest report on multilateral aid, which provides an overview of the reforms underway in the international system, both the progress made and the challenges remaining. Among these reforms, the necessary evolution in the treatment of specific issues linked to country vulnerability will be at the heart of the webinar.
Answers to the question of how multilateral and bilateral institutions take vulnerability into account were provided by the presentation of the initial results of an ongoing Ferdi study on the impact of vulnerability on the allocation of aid. Special focus was brought to SIDS and LDCs.
Institutional representatives and officials from beneficiary countries were invited to share their views on the relevance of taking greater account of vulnerability, and the structural reforms needed to achieve this.
Olivier Cattaneo, Head of Unit, Policy Analysis and Strategy, Development Co-operation Directorate, OECD
Abdoul Salam Bello, Executive Director of the Africa Group II at the World Bank Group Board of Directors
Lisa Chauvet, Professor of Economics, Université Paris 1 Panthéon-Sorbonne
Hary Ralarosy, Director of Studies and International Relations, Central Bank of Madagascar - Banky Foiben'I Madagasikara
Moderation: Patrick Guillaumont, President of FERDI
