A Global Financing Pact for Poor and Vulnerable Countries?

The financial difficulties faced by many poor and vulnerable countries in ensuring their sustainable development have been exacerbated by the major crises the world has encountered over the past four years. These crises have highlighted the need for a profound reform of the international development finance architecture. To contribute to this objective, Ferdi established in 2022 an eponymous chair led by a group of independent and highly experienced French-speaking personalities. The reflections of this group, notably in preparation for the Summit for a New Global Financing Pact in Paris in June 2023, have resulted in the organization of eight conferences on the key issues of development finance and the publication of more than twenty working papers and briefs, from which FERDI has proposed ten recommendations for the reform of this architecture.

This book compiles the short versions of these contributions. It is structured around three main themes: the organization of the new financing pact, the mobilization of new resources, and the allocation of these resources. This work represents the first step in a series of publications that the FERDI’s International Development Finance Architecture Chair intends to release by the 4th United Nations Summit on International Development Finance scheduled for 2025.