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Today's international development financing system seems like a collection of disjointed entities that often work at cross purposes without being able to mobilize enough finance for developing countries in their efforts to reduce poverty and improve living standards. This book brings together the vast array of new initiatives in financing mechanisms and proposals to transform the development finance architecture. Based on four different scenarios for the next ten-year period, proposals are made for how to reach an effective system.
List of contents
The Inheritance: Evolution of the International Development System and of Development Financing Attempted Change: Recent Attempts to Transform the International Development Financing Architecture Building Scenarios for International Development Finance The Shape of Things to Come: Scenarios and their Policy Implications Concluding Remarks: Strategy, Commitment and Prospects
About the author
Francisco Sagasti is Director of Agenda: PERU, a think-tank in Lima and Visiting Professor at the University for Peace in Costa Rica. Keith Bezanson was Director of the Institute of Development Studies in the United Kingdom from 1997-2004. Fernando Prada is Associate Researcher at FORO Nacional/Internacional.
Report
'I found it extremely good and extremely up to date. Quite the best thing on aid and international institutional issues I have recently read.' - Professor Sir Richard Jolly, Institute of Development Studies, University of Sussex, UK
'The Future of Development Financing is remarkable in effortlessly sifting through the complexities of today's global development architecture, and in combining vision with pragmatism in its approach. This will be a standard reference for anyone who is interested in realistic options for reforming the current system, and for all interested in international development.' - Dr. Roy Culpeper, President, North-South Institute, Canada
'If anyone ever tried to create a 'system' for development finance, it would certainly not look like the one we have today. This book takes a fresh and comprehensive look at agents, organizations and financing mechanisms within this field, with a view towards the future. But its worst-case scenario looks all too familiar! This should be a stern call for politicians and bureaucrats to act now.' - Ruth Jacoby, Director-General for International Development Cooperation,
Swedish Ministry for Foreign Affairs
