Taking into account vulnerability in the global distribution of concessional flows

In the run-up to the Paris Summit, the question of mobilizing new resources to finance development and global public goods seems to receive much more attention than the way in which these new funds, like the old ones, are allocated among countries. If there is to be a “financial pact”, it should be with countries, for whom allocation is crucial. Some priority is to be given to countries that are vulnerable to varying degrees to exogenous shocks, external or natural.