mr. paul akiwumi - unctad · 2020-02-20 · mr. paul akiwumi director division for africa, least...
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Mr. Paul AkiwumiDirector
Division for Africa, Least Developed Countries and Special Programmes
UNCTAD
Trade and Development Board69th Executive Session
Geneva, Switzerland5 February 2020
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Key Messages
ODA flows are insufficient to meet the needs of LDCs
LDCs must play a leading role in coordinating external finance
Sources of external finance and LDCs should agree and implement a new aid effectiveness programme
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Disbursement rates
2. The evolving terms of aid dependence
Challenges with ODA
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Challenges with ODA
Contrary to donor pledges & The investments needed for LDCs to meet the SDGs
2. The evolving terms of aid dependence
Volume gap
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Challenges with ODA
2. The evolving terms of aid dependence
Modalities
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2. The evolving terms of aid dependence
Less concessional and more complex aid instruments lead to rising debt stockChallenges with ODA
$146b (2007) ↗ $313b (2017)
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Challenges with ODA
2. The evolving terms of aid dependence
The need to improve aid allocation
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ODA delivery complicates fiscal management in the LDCs
4. External development finance and fiscal space
…and risks contributing to a domestic brain drain
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Challenges of private development cooperation
For example:
- Blended finance
- Little alignment with
national development goals
3. Private development cooperation: More bang for the buck?
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Actions by LDCs on national coordination of external finance
5. Policy options
• Strengthen State capacity
• Implement aid ownership, and reinforce aid alignment, and mutual accountability
Implementing a new, comprehensive aid effectiveness programme
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I. LDCs need to take a more proactive role to ensure that external finance from all sources is directed to national development priorities
5. Policy options
• Improve aid coordination
• Adopt mechanisms for efficient disbursement and preserve fiscal space
• Align aid with national development plans
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II. Actions by the international community in support of LDCs
• Strengthen technical support to LDC governments, aligned with their national development priorities
• Traditional donors should adhere to commitments reaffirmed in the SDGs
• Ensure adequate representation and effective voice for LDCs in multilateral discussions on systemic issues
5. Policy options
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Will allow LDCs to steer the processes of structural transformation and achieve sustainable development
5. Policy options
A new aid effectiveness programme
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Coming soon:
Thank you
LDC V