Development Banks: Towards a new expansion in support of sustainable development
October 30, 2020
The long road towards a truly sustainable development which benefits everyone requires the annual mobilization of thousands of billions of euros. It requires that these funds meet the specific needs of each country. It also requires international cooperation capable of supporting the most vulnerable countries, despite their structural handicaps, to allow them to benefit from the international financing essential for their development.
In the four years since the adoption of the United Nations Addis Ababa Program of Action (AAAA) on Financing for Development, FERDI's work has aimed to identify the most appropriate international financing flows for each country's context and to assess the effectiveness of these flows.
FERDI's work seeks to define how public actors can optimize the use of their resources to create the conditions for sustainable and inclusive development, particularly in the most vulnerable countries. This includes analyzing which instruments and mechanisms can create the necessary incentives for a suitable orientation of existing private funding flows. It also implies re-evaluation of aid allocation criteria in order to better take into account the vulnerabilities of countries.
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