Potential ODA crisis calls for bold new thinking, says UNCTAD
11 Mar 2009
If past experience is anything to go by, today’s financial crisis will deal a hard blow to official development assistance flows. It could take ODA years to recover, dampening prospects for achieving the MDGs by 2015.
Keeping oda afloat: no stone unturned
Keeping aid afloat – ensuring that aid flows are sustainable and predictable – is critical to helping developing countries cope and also to stabilizing global demand. This is a tall order, given the scale of the crisis. Fresh new thinking is often the only way out of desperate situations such as this. UNCTAD puts one option on the table in this policy brief. The proposal may strike some as ambitious, naïve, or otherwise unviable. But today especially, every possible solution deserves consideration.
Source:UNCTAD
