The Global Context: Finance for Development

by Cordelia Lonsdale and Tim Strawson

Co-author: Tim Strawson

This week in New York, the UN is gathering member states and wider stakeholders for a substantive session (10-13th November) as part of the preparations for the third International Conference on Financing for Development (FFD).

The agenda for the week is packed, and the topic of the first day was the ‘Global Context’ (agenda here from the FFD office). The conversation focused on examining not just what the current picture is, but importantly (for a long-standing intergovernmental process) what has changed in the global financial and development landscape since the Monterrey and Doha conferences, including new constraints on budgets for traditional donors and the importance of newer types of development finance to this agenda, such as South-South cooperation, private sector finance and aid from non-governmental organisations (NGOs).

Stakeholders will also discuss the changes in the political agenda for member states and international actors, as the Rio+ track and the Finance for Development track become more intertwined. This is, in large part, about navigating a shift towards a broader agenda for development finance; one which includes economic, social and environmental dimensions.

These are huge topics for stakeholders to get their teeth into, in a short space of time this week. With that in mind, we at Development Initiatives have prepared a short primer: The Global Context, which is downloadable in PDF form here and on the Finance for Development website.

The information can also be accessed in individual online factsheets, if you just want to explore one topic. Please click on the links at the bottom of the page to access these. We’ve tried our best to include facts, data and supporting graphs on each of the complex issue areas, to help you understand and engage in the debates this week.

Climate-related ODA 2002–2012: one of the graphs included in the factsheets and briefing

Climate-related ODA 2002–2012

Source: Development Initiatives calculations based on OECD data.

Let us know what facts you need

If you have any questions about our Global Context briefing- or you want to see more graphs/different topics included- please let us know – we intend to add to and develop these factsheets over time to make it most useful to stakeholders in the debate. Just add a comment at the bottom of this blog.

Access the factsheets:

  1. Ending extreme poverty
  2. Mobilising domestic resources
  3. International resource flows (like FDI and remittances) and ODA in this context
  4. ODA (official development assistance) and where it currently goes
  5. Humanitarian assistance, fragility and poverty
  6. Climate finance and development finance